A manager of a small online business believes that now most of their transactions take place using

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A manager of a small online business believes that now most of their transactions take place using electronic transfer of funds rather than cash or cheques they no longer need to do a bank reconciliation each month as almost all funds transfers are electronic anyway and go straight through the bank account. Explain to the manager why a bank reconciliation is still necessary for their business.

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Accounting

ISBN: 978-1118608227

9th edition

Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett

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