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reconciliation in accounting

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reconciliation in accounting

Reconciliation in accounting is the process of comparing and matching financial records from different sources, such as bank statements and company books, to ensure accuracy. It helps identify discrepancies, correct errors, and confirm that financial statements reflect true and complete information. Regular reconciliation is crucial for maintaining financial integrity, accurate reporting, and compliance in business accounting.
By: 360 Accounting Pro
03-Feb-2025 10:33 am
Business & Services
User Website : https://www.360accountingpro.com/blog/what-is-reconciliation-in-accounting-a-complete-guide-by-360-accounting-pro-inc-

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