A bank reconciliation explains any differences between the checking account balance on the depositor's records and the balance reported on the bank statement.

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Zybrea Knight · Accepted Answer

Final Answer : True, Explanation :  A bank reconciliation is used to compare the depositor's records of their checking account with the balance reported on the bank statement. Any differences between the two balances must be explained and reconciled.

A bank reconciliation explains any differences between the checking account balance on the depositor's records and the balance reported on the bank statement.

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Learning Objectives

Learning Objectives

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