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The Preparation of a Bank Reconciliation Is an Important Cash

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Essay

The preparation of a bank reconciliation is an important cash control procedure. If a company deposits cash receipts daily and makes all cash disbursements by check explain why the cash balance per books might not agree with the cash balance shown on the bank statement. Identify specific examples that may cause differences between the cash balance per books and the cash balance per bank.


Definitions:

Friedman Test

Used for spotting differences in treatments over multiple test trials, this test does not depend on parametric assumptions.

Friedman Test

A technique that employs non-parametric statistical methods to discover differential treatment effects over several testing instances.

Matched Pairs Experiment

A study design where subjects are paired based on certain criteria, and each pair is treated differently to observe the effects of the treatment.

Normal Populations

Populations in which the distribution of a variable follows a normal distribution, characterized by a symmetric bell-shaped curve.

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