A bank reconciliation is an important part of the system of internal controls.

Name: A bank reconciliation is an important part of the system of internal controls.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A bank reconciliation helps to ensure that accounting records are accurate and complete by verifying the accuracy of bank statements and identifying any discrepancies or errors. This is an important part of maintaining strong internal controls to prevent fraud and errors in financial reporting.

A Bank Reconciliation Is an Important Part of the System