Preparation of Bank Reconciliation Statements: Know the Preparation Techniques
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Accounting and matching of financial details with concerned party are quite a difficult procedure. However, what is important is this context is having a clear view of the points that are to be taken into consideration and also provide a complete idea of this whole concept.
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What problems students face in understanding bank reconciliation process?
Preparing a proper bank reconciliation statement is no mean feat. What most of the students have a problem with is that they do not know which accounting is to be placed under which columns and finally calculation is to be done. Also, the total amounting has certain important mathematical calculations to be made which novices find difficult.
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