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What does reconciling an account involve? checking one's financial records against the bank’s making sure a paycheck arrives on time calculating the interest owed on a savings account identifying instances of identity theft

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User Erdysson
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2 Answers

4 votes

Answer:

checking one's financial records against the bank’s

Step-by-step explanation:

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User Phoneswapshop
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3 votes

Answer:

checking one's financial records against the bank’s

Step-by-step explanation:

Reconciling an account is the regular confirmation that the reported balances are accurate. It involves checking one's account against bank balances to ensure the figures are tallying. Reconciling may require making adjustments to capture omitted transactions and charges. In practice, reconciliation involves comparing one financial records against the bank statement.

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User Paul Tucker
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