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Banking has rapidly evolved and most Americans now review their available bank balances online instead of reconciling their accounts. However, circumstances are different for a

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Banking has rapidly evolved and most Americans now review their available bank balances online instead of reconciling their accounts. However, circumstances are different for a business. In YOUR OWN words, and by providing your own unique examples, name three reasons why it is important for a company's accountant to reconcile its bank account. Remember, your examples should reflect your understanding of this important process, including what might happen if a company did not reconcile its accounts. Finally, examine your own banking habits. Tell the class about whether or not you reconcile your own bank account. If yes, explain how often. If no, explain how you know your account balance is correct

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