Question

Why should you reconcile your bank accounts regularly?

a) To earn more interest
b) To avoid taxes
c) To detect errors or fraud
d) To increase credit limit

Answer 1

Reconciling your bank accounts regularly is important to detect errors or fraud.

Step-by-step explanation:

Reconciling your bank accounts regularly is important to detect errors or fraud. By comparing your own records with those of the bank, you can ensure that all transactions have been accurately recorded and that there are no unauthorized charges or discrepancies. This helps you maintain the accuracy of your financial records and prevent any potential financial losses.