What is a bank reconciliation?

a. A formal financial statement that lists all of a firm's bank account balances

b. A merger of two banks that previously were competitors

c. A statement sent monthly by a bank to a depositor that lists all deposits, checks paid, and other credits and charges to the depositor's account for the month

d. A schedule that accounts for differences between a firm's cash balance as shown on its bank statement and the balance shown in its general ledger Cash account