a
Direction: True or False. Write TRUE if the statement is correct, otherwise FALSE
Write your answer in your notebook or in a clean sheet of paper.
1. Interest earned is added to the checking account balance and in the bank
statement.
2. Bank reconciliation is done in a monthly basis.
3. Bank reconciliation is not required in every company.
4. Reconciliation is important to check for errors and not correct them.
5. Bank reconciliation statement does not follow any format​