The principal reason for reconciling the cash balance per books with the balance shown on the bank statement is to:
A.	determine the amount of cash in the account actually available to the entity.
B.	satisfy generally accepted accounting principles.
C.	verify the amount of petty cash on hand.
D.	determine whether or not the entity has issued an NSF check.
Answer:A
The principal reason for reconciling the cash balance per books with the balance shown on the bank statement is to:
A.	determine the amount of cash in the account actually available to the entity. B.	satisfy generally accepted accounting principles. C.	verify the amount of petty cash on hand. D.	determine whether or not the entity has issued an NSF check.