Which of the Following Is Not a Reason for Preparing

question 88

Multiple Choice

Which of the following is not a reason for preparing a bank reconciliation?

• A)It explains differences between cash in the general ledger and cash on the bank statement.
• B)It is necessary in order to prevent fraud committed by employees.
• C)It is helpful in identifying any errors made by the bank.
• D)It is helpful in identifying any bookkeeping errors made in the general ledger.