Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 8 - No. 47)
What does it mean to reconcile a bank account?
a) Bringing the bank balance and cash balance into agreement.
b) Adding all credits.
c) Subtracting all debits.
d) Looking at the cash balance at the beginning.
Explanation
Bringing the bank balance and cash balance into agreement.
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