Question 4

What are 3 important reasons to reconcile bank and credit card accounts at set dates?

(Select all that apply)

• To verify transactions have the correct date assigned to them
• To verify that an account balance is within its credit limit
• To verify that all transactions have been recorded for the period
• To verify that previously reconciled transactions have not been changed since the last reconciliation
• To verify that the bank has not lost its connection to QuickBooks Online