Answer to Question #307466 in Economics for Abebe

Question #307466

Discuss in detail the importance of reconciliation of account receivable and account payable account

1
Expert's answer
2022-03-07T18:08:03-0500

Regularly maintaining records ensures that you are up to date with who owes you money or who you owe money to, allowing you to be fully aware of your financial situation. This allows you to know how much money you have at your disposal, and how much money you will be paying for all your bills.


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