Difference between revisions of "Reconciliation"
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Revision as of 18:28, 10 April 2021
Reconciliation is an accounting process that compares two sets of records to check that figures are correct and in agreement. Reconciliation also confirms that accounts in the general ledger are consistent, accurate, and complete. However, reconciliation can also be used for personal purposes in addition to business purposes.[1]
- ↑ What Does Reconciliation Mean? Investopedia