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Oracle Applications White Paper R12: Bank Reconciliation through a Case Study Contributors: Curve Pursuant, Shikhar Sin ha, Minutia Ram Manor Reviewer:Sriram RamanujamVersions: 1.0 Creation Date:
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R12 bank reconciliation is done through the process of comparing the bank statement with the company's records to ensure they match.
Businesses and organizations that have bank accounts and need to ensure the accuracy of their financial records are required to file r12 bank reconciliation.
To fill out r12 bank reconciliation, you need to gather the bank statement, company records, and compare the two to identify any discrepancies.
The purpose of r12 bank reconciliation is to ensure that the company's financial records match the bank statement, identify any discrepancies, and reconcile them.
Information such as deposits, withdrawals, checks issued, bank fees, and any other transactions that affect the bank account must be reported on r12 bank reconciliation.
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