Which of the following is not a reason for preparing a bank reconciliation?

Question

Quizplus · Accepted Answer

While a bank reconciliation can help identify potential fraud, that is not its primary purpose. The main reasons for preparing a bank reconciliation are to explain differences between cash in the general ledger and the bank statement, to identify errors made by the bank or in the general ledger, and to ensure that the cash balance in the general ledger is accurate.

Which of the Following Is Not a Reason for Preparing