what is called for balancing a company's cash account to its bank account?
A. adjustments
B. bank reconciliation
C. account balance
D. book balance
A. adjustments
B. bank reconciliation
C. account balance
D. book balance
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Answer:
B
Explanation:
A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. A bank reconciliation should be completed at regular intervals for all bank accounts, to ensure that a company's cash records are correct.