Why do we need to create a new bank account and a new reconciliation account in this

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Why do we need to create a new bank account and a new reconciliation account in this case?

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Accounting Tools for Business Decision Making

ISBN: 978-1118128169

5th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Posted Date: Apr 07, 2024 07:46 PM

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Why do we need to create a new bank account and a new reconciliation account in this

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Expert Answer:

Creating a new bank account and a new reconciliation account may be necessary in certain cases to ensure accurate financial recordkeeping and to separ... View the full answer

Accounting Tools for Business Decision Making

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