Solved: Purpose of a bank reconciliation, Accounting Basics

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Purpose of a bank reconciliation

Problem 1: Why do some restaurants offer customers a free meal if they are not given a receipt?

Problem 2: What is the purpose of a bank reconciliation? When speaking to an account manager and she/he told you they don't have time to reconcile the bank account every month, how would that need to be encouraged to be done?

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Accounting Basics: Purpose of a bank reconciliation

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