Question

what is the main objective of preparing a bank reconciliation?
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Answer 1

Answer:

The bank reconciliation is the internal financial report that explains and documents any differences that may exist between the balance of a checking account as reflected by the bank's records (bank balance) for a company and the company's accounting records (company balance).

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Answer 2

Explanation:

it helps to identify the differences between the bank balance and book balance, in order to proess necessary adjustments or corrections