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Someonneee help me please...



The balance in your checkbook:




is only correct if your record all transactions made by you and your bank


never needs to be reconciled


is always mathematically correct


is not important

Verified Answer :

carlsonjc

is only correct if your record all transactions made by you and your bank

Answer:

is only correct if your record all transactions made by you and your bank

Explanation:

As we know that the bank reconciliation statement includes a passbook and checkbook. This statement required when the balance of passbook and the checkbook does not tally so to equate the balances of both passbook and the checkbook we need to record the adjustment made. In order to check the balance of the checkbook, we need to record all types of transactions made by us and our bank.

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