Are bank reconciliations used in account payable?

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1292203

2026-03-29 22:45

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No, bank reconciliation statement is a form you use to adjust the bank books for a company, in many ways it's the same as balancing your bank book at home. Bank Reconciliation is used to make your books match with the bank statement and vice versa.

Accounts Payable are Liability accounts, money owed to another company or person.

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