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Chapter 13

Accounting reconciliations

Outcome

By the end of this session you should be able to:

 understand the purpose of, and prepare, control accounts for receivables and
payables

 perform control account reconciliations and identify which errors would be
highlighted by such a control

 identify and correct errors on control accounts

 understand the purpose of and prepare bank reconciliations

 identify the main reasons for differences between the cash book and the bank
statement

 correct cash book errors and/or omissions

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Notes can be found in
Chapters 14 and 15 of your Study Text

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