In Chapter 10, use the ______________________ to reconcile Account 101 Checking.
A)Activity list.
B)Account and Settings.
C)Vendor purchases.
D)Bank statement.
E)None.

Question

Quizplus · Accepted Answer

Reconciling Account 101 Checking requires comparing the transactions recorded in the company's books with those listed on the bank statement. This process is facilitated through the use of a bank statement, which provides information on deposits, withdrawals, and other adjustments made by the bank. Therefore, the correct choice is the bank statement.

In Chapter 10, Use the ______________________ to Reconcile Account 101