You have just been employed as the manager of a business which has been in operation for five (5) years. As a part of the accounting team you have realized that a bank reconciliation has never been prepared. Write to the business owners and explain the bank reconciliation process, and state the importance of preparing a bank reconciliation.

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A:

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Q: bank reconciliation.

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.