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Bank reconciliation is the process of balancing a business’s closing internal book balance (the cash balance according to its accounting records) with the closing balance on its bank statement.
Original Article Source Credits: The Balance Small Business, https://www.thebalance.com/
Article Written By: Kindra Cooper
Original Article Posted on: Updated August 04, 2021
Link to Original Article: https://www.thebalance.com/how-to-do-bank-reconciliation-for-your-business-5195710
