(A) Foolie - Q.8atb. Batik Reconeilation Questions Which of the following statements best describes the purpose of a bank reconciliation? Choose the correct answer A bank reconcilation is required in order to properly record all cast receipts and cash disbur sements of a company Abankreconchiaton is required by the bank A bank reconcilaton reconclesthe balance per general ledger with the balance reported by the bank. taking into account deposits in A bank reconcisation is required by generally accepted audiin 8 standards. A bank reconchition is required in order to properly record all cash receipts and cash disbursements of cormpany. Mbinkreconchation is requred by the bank A bwnkremoncalstion reconcies the balence per general ledger with the balance reported by the bank, taking into account deposits in transit. ou Abinkiswenchatlon threquired by generally accepted aud ting standards. properly record all cash receipts and cosh disbursements of a company. ce per generafledger with the balance reported by the bank, taking into account deposits in transit outstanding checks, and bank service charges. Nly accepted ouditing standards. (A) Foolie - Q.8atb. Batik Reconeilation Questions Which of the following statements best describes the purpose of a bank reconciliation? Choose the correct answer A bank reconcilation is required in order to properly record all cast receipts and cash disbur sements of a company Abankreconchiaton is required by the bank A bank reconcilaton reconclesthe balance per general ledger with the balance reported by the bank. taking into account deposits in A bank reconcisation is required by generally accepted audiin 8 standards. A bank reconchition is required in order to properly record all cash receipts and cash disbursements of cormpany. Mbinkreconchation is requred by the bank A bwnkremoncalstion reconcies the balence per general ledger with the balance reported by the bank, taking into account deposits in transit. ou Abinkiswenchatlon threquired by generally accepted aud ting standards. properly record all cash receipts and cosh disbursements of a company. ce per generafledger with the balance reported by the bank, taking into account deposits in transit outstanding checks, and bank service charges. Nly accepted ouditing standards