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What Is A Reconciliation Process? |
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Answer» RECONCILIATION is an accounting PROCESS that uses two sets of records to ENSURE figures are accurate and in agreement. Reconciliation is the key process used to determine whether the money leaving an account matches the AMOUNT spent, ensuring the two values are balanced at the end of the recording period. Reconciliation is an accounting process that uses two sets of records to ensure figures are accurate and in agreement. Reconciliation is the key process used to determine whether the money leaving an account matches the amount spent, ensuring the two values are balanced at the end of the recording period. |
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