A bank reconciliation means that the end-of-month balance as show on the bank statement is the same as the end-of-month balance in the check record.

Name: A bank reconciliation means that the end-of-month balance as show on the bank statement is the same as the end-of-month balance in the check record.
Brand: Quizplus
Rating: 4.7 (48 reviews)

Question

Quizplus · Accepted Answer

A bank reconciliation is a process of matching the bank statement with the check record to ensure that the ending balances match.

A Bank Reconciliation Means That the End-Of-Month Balance as Show