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3 November, 00:52

No journal entries are required for the reconciling items on the bank side because

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  1. 3 November, 01:38
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    No journal entries are required for the reconciling items on the bank side because companies are required to record those transactions on the company ledger. The company keeps their ledger and records are transactions over the life of the company. The ledger is an extremely important asset because it holds all of the information to do with the finance and monetary value the company has and holds.
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