A bank reconciliation is generally prepared by the bank and sent to the depositor along with cancelled checks.

Question

Quizplus · Accepted Answer

A bank reconciliation is typically prepared by the depositor to compare their own records with the bank's records and identify any discrepancies. The bank may provide cancelled checks and other information to help with this process, but they generally do not prepare the reconciliation themselves.

A Bank Reconciliation Is Generally Prepared by the Bank and Sent