From page 4-4 of the VLN, what is the goal of a bank reconciliation? Group of answer choices A. To make sure the company cash account is increasing. B. To make sure the company is profitable. C. To make sure the bank records and our company records are the same. D. To make sure the bank is competitive with other banks.
From page 4-4 of the VLN, what is the goal of a bank reconciliation? Group of answer choices A. To make sure the company cash account is increasing. B. To make sure the company is profitable. C. To make sure the bank records and our company records are the same. D. To make sure the bank is competitive with other banks.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section5.2: Bank Reconciliation
Problem 1OYO
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Question
From page 4-4 of the VLN, what is the goal of a bank reconciliation?
Group of answer choices
A. To make sure the company cash account is increasing.
B. To make sure the company is profitable.
C. To make sure the bank records and our company records are the same.
D. To make sure the bank is competitive with other banks.
Expert Solution
Step 1 Introduction
The bank reconciliation statement is prepared to equate the balances of cash book and passbook with various adjustments.
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