A Bank Reconciliation Should Be Prepared Periodically Because

Multiple Choice

A bank reconciliation should be prepared periodically because

A) the company's records and the bank's records are in agreement
B) the bank has not recorded all of its transactions
C) 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
D) the bank must make sure that its records are correct