Multiple choice technology packaged enterprise solutions

_____________report reconcile the general ledger cash account to the bank statement balance

  1. A. AP Reconciliation

  2. B. AR Reconciliation

  3. C. GL Reconciliation

  4. D. Assets Reconciliation

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

GL (General Ledger) reconciliation is the process that verifies the general ledger's cash account balance matches the actual bank statement balance. This critical control detects discrepancies between recorded transactions and bank activity, ensuring accurate cash position reporting.