of the following is possible due to online banking?
A) The depositor can reconcile to the bank's balance at any time.
B) The bank reconciliation is not necessary.
C) The depositor can request a paper bank reconciliation at any time.
D) A company's book balance will always equal the bank's balance.

Question

Quizplus · Accepted Answer

Online banking allows depositors to access their account information and reconcile their own balances with the bank's reported balance at any time, providing up-to-date transaction details. Bank reconciliations remain necessary to identify discrepancies, and while online banking facilitates access to account information, it does not ensure that a company's book balance will always match the bank's balance due to timing differences and potential errors. Requesting a paper bank reconciliation is not directly related to the capabilities of online banking, which primarily offers digital access to account information.

Of the Following Is Possible Due to Online Banking