Which of the Following Is a CORRECT Statement Regarding the Bank

question 151

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.

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