Question: Paul Reimer does not keep a personal record of his bank account and does not see the need to do a bank reconciliation. He says

Paul Reimer does not keep a personal record of his bank account and does not see the need to do a bank reconciliation. He says he can always use on-line banking to look up the balance in his bank account before writing a cheque. Explain why Paul should keep his own records and do regular bank reconciliations?

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