An internal report prepared to verify the accuracy of both the bank statement and the cash accounts of a business or individual is a (n):
A. internal audit.
B. bank reconciliation.
C. bank audit.
D. trial reconciliation.
Answer:B
An internal report prepared to verify the accuracy of both the bank statement and the cash accounts of a business or individual is a (n):
A. internal audit. B. bank reconciliation. C. bank audit. D. trial reconciliation.