Question

what is Deprection and what is Bank Reconciliation statement​

Answer 1

Explanation:

Depreciation is an accounting method of allocating the cost of a tangible asset over its useful life and is used to account for declines in value. Businesses depreciate long-term assets for both tax and accounting purposes.

A bank reconciliation statement is a summary of banking and business activity that reconciles an entity's bank account with its financial records. The statement outlines the deposits, withdrawals and other activity affecting a bank account for a specific period.

Answer 2

Answer:

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