Question

A bank reconciliation should be prepared periodically because a.The bank must make sure that its records are correct. b.any differences between the company's records and the bank's records should be determined, and any errors made by either party should be discovered and corrected c.the bank has not recorded all of its transactions d.the company's records and the bank's records are in agreement

Answer 1

Answer:

Option B

any differences between the company's records and the bank's records should be determined, and any errors made by either party should be discovered and corrected