It is generally not necessary for businesses to reconcile their checking accounts since banks keep accurate records and provide internal control support for cash.

Question

Quizplus · Accepted Answer

It is important for businesses to reconcile their checking accounts to ensure accuracy and detect any errors or fraudulent activity, even though banks do provide support for cash control. Reconciling also helps to ensure that all transactions have been properly recorded in the company's accounting system.

It Is Generally Not Necessary for Businesses to Reconcile Their