Answer:
The correct choice is:
B. checkbook balance
When proving cash, you compare the physical cash balance to the recorded checkbook balance.
The other options do not make sense in this context:
A. bank balance - The bank balance is not directly relevant when proving your own cash. You are comparing your records to the physical bills and coins.
C. cash paid - The amount of cash paid out is not what is being proven. You need to compare to the recorded balance outstanding.
D. cash received - Any new receipts of cash are not part of what is being proven. You are reconciling old transactions to the current physical cash balance.
So proving cash means verifying that the recorded checkbook balance of cash on hand matches the actual physical currency you possess. Bills, coins, and receipts are counted and compared to the book balance to ensure no discrepancies.
For example, if your checkbook shows $345 in the cash account but you actually only have $320 in physical currency, there is a $25 discrepancy that needs to be resolved. Proving cash ensures your records are accurately reflecting the amounts of money actually available.
Step-by-step explanation: