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

Question

Quizplus · Accepted Answer

The most reliable starting point for verifying the balance in the general bank account is obtaining a bank reconciliation from the client, which reconciles the client's records with the bank statement. This will ensure that any discrepancies or errors can be identified and resolved. The other options may be useful in the verification process, but the bank reconciliation is the most critical starting point.

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