krishnasola
Answered

Which of the following is NOT a reason to reconcile a checking account when the account statement comes?

AReconciling the account ensures there is a good record of how much money is there.
BReconciling the account helps keep track of any fees the bank might be charging.
CBanks require all customers to reconcile their accounts and confirm the account statement is correct.
DSometimes banks make mistakes. By reconciling the account, errors can be caught.

Verified Answer :

Hagrid

The correct answer to this question is letter "C. Banks require all customers to reconcile their accounts and confirm the account statement is correct." The statement that is NOT a reason to reconcile a checking account when the account statement comes is that banks require all customers to reconcile their accounts and confirm the account statement is correct.

yugogutierrez

Correct answer is B.

It is required by the bank that all customers reconcile their account statements and check register.

While reconciling the account is not required by banks, it will help in keeping track of how much money is in the account. It also will help with catching errors in either the check register or the bank statement, and will help keep track of fees the bank is charging.

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