Multiple Choice
Which of the following is a CORRECT statement regarding the bank reconciliation?
A) The bank reconciliation is part of the general ledger.
B) Journal entries need to be made for all transactions on the bank side to get the accounts up-to-date.
C) Journal entries need to be made for all transactions on the book side to get the accounts up-to-date.
D) The bank reconciliation is part of the journal.
Correct Answer:
Verified
Correct Answer:
Verified
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