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Why is it important to reconcile accounts regularly?
  • a)
    To increase overdraft fees
  • b)
    To identify errors and unauthorized charges
  • c)
    To reduce interest on savings accounts
  • d)
    To simplify financial transactions
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Why is it important to reconcile accounts regularly?a)To increase over...
Reconciling accounts regularly is important to identify errors, unauthorized charges, and fraudulent activity in your financial transactions. It helps in ensuring the accuracy of your records and avoiding financial losses.
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Why is it important to reconcile accounts regularly?a)To increase overdraft feesb)To identify errors and unauthorized chargesc)To reduce interest on savings accountsd)To simplify financial transactionsCorrect answer is option 'B'. Can you explain this answer?
Question Description
Why is it important to reconcile accounts regularly?a)To increase overdraft feesb)To identify errors and unauthorized chargesc)To reduce interest on savings accountsd)To simplify financial transactionsCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Why is it important to reconcile accounts regularly?a)To increase overdraft feesb)To identify errors and unauthorized chargesc)To reduce interest on savings accountsd)To simplify financial transactionsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why is it important to reconcile accounts regularly?a)To increase overdraft feesb)To identify errors and unauthorized chargesc)To reduce interest on savings accountsd)To simplify financial transactionsCorrect answer is option 'B'. Can you explain this answer?.
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