It is not necessary for businesses to reconcile their checking accounts since banks keep accurate records and provide internal control support for cash.

Question

Quizplus · Accepted Answer

It is necessary for businesses to reconcile their checking accounts to ensure accuracy and detect any errors or fraudulent activity. While banks provide some level of internal control support, it is ultimately the responsibility of the business to reconcile their accounts and ensure the accuracy of their financial records.

It Is Not Necessary for Businesses to Reconcile Their Checking