Bank cut-off statements should be requested for 10-15 days after the closing date of the balance sheet.

Name: Bank cut-off statements should be requested for 10-15 days after the closing date of the balance sheet.
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Question

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Bank cut-off statements are requested to ensure that all transactions are recorded in the correct period of the balance sheet. It is recommended to request them for 10-15 days after the closing date of the balance sheet to capture all relevant transactions.

Bank Cut-Off Statements Should Be Requested for 10-15 Days After