What is the primary purpose of a bank reconciliation?
A) To ensure that debits equal credits for all cash transactions.
B) To ensure that customers are paying amounts owed on a timely basis.
C) To ensure the bank balance per reconciliation is equal to the company balance per reconciliation.
D) To ensure cash receipts are greater than cash disbursements
Answer: To ensure the bank balance per reconciliation is equal to the company balance per reconciliation.
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