Determine the statements below that are true regarding why a bank reconciliation is used. The Cash account balance in the general ledger is accurate, but the bank statement balance is not. Timing differences between the bank statement and the depositor's records are reflected in the bank reconciliation. The bank reconciliation is useful in proving the accuracy of the Cash account in the general ledger. We must reconcile the balance of the bank's records and the Cash account in the general ledger and explain or account for any differences in the two