Question: Using a minimum of 100 words, explain why it is important for a business to do a bank reconciliation monthly. Which adjustments need to be

Using a minimum of 100 words, explain why it is important for a business to do a bank reconciliation monthly.

Which adjustments need to be recorded in the accounting records? Those that affected the bank balance or the cash account balance in the ledger? What is the result of the adjustments not being recorded?

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