The Main Purpose of a Bank Reconciliation Is

question 26

Multiple Choice

The main purpose of a bank reconciliation is:

• A) to prove the accuracy of the bank
• B) to prove the accuracy of the general ledger.
• C) to prove the accuracy of the bookkeeper.
• D) to prove the accuracy of the ledger bank account.

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Definitions:

Further Up

Used to refer to stages or positions that are higher in a hierarchy, supply chain, or process, often implicating more responsibility or control.

Push Processes

Supply chain processes that operate on forecast demand, pushing products through the supply chain to the end user.

Customer Demand

The quantity of products or services that consumers are willing and able to purchase at various prices during a specified period.

Available Capacity

The maximum output or the total amount of work that a facility, employee, or machine can produce or accommodate in a specific period.