To set up reconciliation rule

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Wed, 05/27/2015 - 7:50am

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1. is it mandatory to create Reconciliation record while creating reconciliation rule?
Banking>Administer Reconciliation>Reconciliation Rules
2. reconciliation rule and reconcilation record both should be same name?

do we need to create reconciliation record in Application designer also?

How it reconcilation rule and reconcilation record associated with each other??

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