Question

What is the purpose of reconciling your own records with the monthly bank
statement?
O A. To make sure the balance matches your records
B. To cover charges that exceed the current balance
O C. To transfer between two or more accounts
O D. To pay monthly fees

Answer 1

Answer:

a

Explanation:

to make sure the balance matches your record. i took this test and got it right

Answer 2

Answer:

the answer is A.

Explanation:Reconciling your bank statements simply means comparing your internal financial records against the records provided to you by your bank. This process is important because it ensures that you can identify any unusual transactions caused by fraud or accounting errors.