Reconciling a checking account is not really necessary since the bank statement includes all activity from the bank's perspective.

Question

Quizplus · Accepted Answer

Reconciling a checking account is necessary to ensure that the bank statement matches the account holder's records and to identify any discrepancies or errors. The bank statement may not include all transactions from the account holder's perspective, such as outstanding checks or deposits that have not yet cleared.

Reconciling a Checking Account Is Not Really Necessary Since the Bank