Why is preparing bank reconciliation an internal control procedure?

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Principles Of Financial Accounting IFRS Edition

ISBN: 9789814962605

3rd Edition

Authors: Earl K Stice, James D Stice, W Steve Albrecht, Monte R Swain, Rong-Ruey Duh, Audrey Wenhsin Hsu

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Question Posted: Apr 17, 2024 09:01 AM

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Why is preparing bank reconciliation an internal control procedure?

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Bank reconciliation is an internal control procedure that ensures the accuracy and completeness of the cash account in the general ledger by comparing ...View the full answer

Principles Of Financial Accounting IFRS Edition

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