With online banking:
A) a bank reconciliation cannot be prepared.
B) a bank reconciliation can only be prepared at the end of the month when the bank statement arrives.
C) a bank reconciliation can be prepared at any time.
D) the bank prepares the bank reconciliation for the company.

Question

Quizplus · Accepted Answer

With online banking, a bank reconciliation can be prepared at any time. This is because the transactions are updated in real-time, allowing the user to reconcile their account at any time without having to wait for a physical statement to arrive or for the bank to prepare the reconciliation.

With Online Banking