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What are the common mistakes in performing account reconciliation?

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Question added by Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date Posted: 2013/06/15
Shujaat Ali
by Shujaat Ali , Territory Business Manager , Dadex Eternit Limited

Mostly people does it one sided, basicaly its perform with two accounts.
for example, i m working in a company and responsible for many customer accounts so if i need to reconcile my customer account, i have to ask for customer account to reconcile.
I cant reconcile only company account of customer.

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