Which process is concerned with recording data associated with bank statements?
A)Bank ledger accounting
B)Fixed asset accounting
C)General ledger accounting
D)Accounts receivable accounting
E)None of the above

Question

Quizplus · Accepted Answer

Bank ledger accounting is concerned with recording data associated with bank statements, including deposits, withdrawals, interest earned, and fees charged. This information is then used to reconcile the bank account with the company's records and ensure that all transactions are accurately recorded.

Which Process Is Concerned with Recording Data Associated with Bank