Final answer:
When reconciling a bank statement, you should record any automatic loan payments that have been deducted from your account.
Step-by-step explanation:
The statement 'You cannot record an automatic loan payment when you reconcile a bank statement' is false.
When reconciling a bank statement, you should record any automatic loan payments that have been deducted from your account. These payments will appear on the bank statement as a decrease in your account balance, and you should include them in your reconciliation to ensure that your records and the bank's records match.