The primary purpose of setting a standard confirmation request to financial institutions with which the client has done business during the year is to a. Corroborate information regarding deposits and loan balances b. Provide the data necessary to prepare proof of cash c. Detect kiting activities that may otherwise not be discovered d. Request information about contingent liabilities and secured transactions

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Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.