The starting point for the verification of the balance in the general bank account is to obtain:
A) client's cash account from the general ledger.
B) a bank reconciliation from the client.
C) the client's June bank statement and reconcile it.
D) a cutoff bank statement directly from the bank.

Question

Quizplus · Accepted Answer

The starting point for verifying the balance in the general bank account is to obtain a bank reconciliation from the client, as it provides a summary of the differences between the bank statement and the company's records.

The Starting Point for the Verification of the Balance in the General