Performing a bank reconciliation is example of the diagnostic analytics of __________.
A) performing drill-down detailed analytics
B) determining relations/patterns/linkages between variables through statistical analysis
C) identifying anomalies/outliers
D) performing descriptive analytics

Question

Quizplus · Accepted Answer

Identifying anomalies or outliers is a key aspect of performing a bank reconciliation, as it involves comparing two sets of records (the bank's and the company's) to identify discrepancies or unusual transactions that may indicate errors, fraud, or other issues.

Performing a Bank Reconciliation Is Example of the Diagnostic Analytics