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Excel Accounting 5–Bank Reconciliations-Month 1 & 2

RobbeB

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  • Explain why the bank reconciliation process is important
  • Describe the bank reconciliation process
  • Complete a bank reconciliation process after the first month of operations, explaining the problems often faced during the first bank reconciliation
  • Complete a bank reconciliation after the second month of operations, explaining how the outstanding items in the first month will be included
  • Define outstanding checks and how they are shown on the bank reconciliation
  • Define outstanding deposits and how the are shown on the bank reconciliation
 

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