asked 129k views
5 votes
Bank customers should reconcile their records frequently with _______ to prevent their checks from _______.

a) Accounting records; posting
b) Receipts; being
c) Deposit slips; statements
d) Bouncing

asked
User Cvekaso
by
8.7k points

1 Answer

5 votes

Final answer:

Bank customers should reconcile their records frequently with accounting records to prevent their checks from bouncing. Reconciling means comparing your personal records, such as checkbook register, with the bank's records, such as bank statement, to ensure they match.

Step-by-step explanation:

Bank customers should reconcile their records frequently with accounting records to prevent their checks from bouncing. Reconciling means comparing your personal records, such as checkbook register, with the bank's records, such as bank statement, to ensure they match. By doing so, you can catch any discrepancies or errors, avoid overdrafts, and make sure all transactions have been properly recorded.

answered
User Madhur Bansal
by
8.4k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.