A ________ is a document explaining the reasons for the difference between a depositor's cash records and the depositor's cash balance in its ledger.
A)bank reconciliation
B)remittance advice
C)bank statement
D)deposit slip

Question

Quizplus · Accepted Answer

A bank reconciliation is the process of matching a company's cash balance in its ledger with the balance on its bank statement. If there is a difference between the two balances, a document called a bank reconciliation is prepared to explain the difference.

A ________ Is a Document Explaining the Reasons for the Difference