Reconciling bank accounts is an example of a(n):
A) Accounting Business Process
B) Finance Business Process
C) Marketing Business Process
D) Production Business Process
E) Management Information Systems Business Process

Question

Quizplus · Accepted Answer

Reconciling bank accounts is a common accounting practice that involves comparing and reconciling transactions recorded in a company's accounting records to those recorded in the bank statement. It is a crucial part of the accounting process and helps ensure accurate financial records. Therefore, reconciling bank accounts is a form of an accounting business process.

Reconciling Bank Accounts Is an Example of A(n)