A bank reconciliation is used to
A) Determine that all deposits made have been recorded by the bank
B) Verify that all checks were written by authorized persons in the company
C) Determine the cash balance at the date of the bank statement
D) All of the above

Question

Quizplus · Accepted Answer

A bank reconciliation is used to verify that all deposits made have been recorded by the bank, to verify that all checks were written by authorized persons in the company, and to determine the cash balance at the date of the bank statement. Therefore, all of the given options are correct.

A Bank Reconciliation Is Used to