The first step in preparing the bank reconciliation is to ensure that all the transactions recorded in the bank statement are also recorded in the cash book.

Name: The first step in preparing the bank reconciliation is to ensure that all the transactions recorded in the bank statement are also recorded in the cash book.
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Question

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The bank reconciliation process involves matching transactions recorded in the bank statement with those recorded in the cash book to ensure that all transactions are accounted for.

The First Step in Preparing the Bank Reconciliation Is to Ensure