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When do you think is bank reconciliation statement prepared?

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Question added by Majid Wangade , Senior Accountant , KANTOUR LIMITED COMPANY ( Real Estate, Construction and Asset Management )
Date Posted: 2016/11/27
Ashraf E. Mahmoud (PhD)
by Ashraf E. Mahmoud (PhD) , University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF. , FreeLancer

Thanks for invitation,

Bank reconciliation statement  has to be prepared maximum on a monthly basis.

 

Khaliq Raza MBA   MS   CFE  AFA
by Khaliq Raza MBA MS CFE AFA , Senior Accountant , ARCO TURNKEY SOLUTIONS CONTRACTING LLC

The most common practice of reconciliation is monthly basis. As there is no hard and fast rule for reconciliation time. We can prepare reconciliation whenever we want or management requirement. Thanks

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