bank and income statements quick check\nhow would you check the accuracy of the opening balance of the most…

bank and income statements quick check\nhow would you check the accuracy of the opening balance of the most recent statement? (1 point)\nsubtract the ending balance of the last statement from the ending balance of the current statement\nverify that last month’s ending balance equals this month’s opening balance\nreconcile last month’s statement against non - bank records\nadd all of this month’s withdrawals to the ending balance

bank and income statements quick check\nhow would you check the accuracy of the opening balance of the most recent statement? (1 point)\nsubtract the ending balance of the last statement from the ending balance of the current statement\nverify that last month’s ending balance equals this month’s opening balance\nreconcile last month’s statement against non - bank records\nadd all of this month’s withdrawals to the ending balance

Answer

Brief Explanations:

In accounting, the ending balance of one - month's bank statement is carried forward as the opening balance of the next month's statement. So, to check the accuracy of the opening balance of the most recent statement, we verify that last month's ending balance equals this month's opening balance.

Answer:

verify that last month’s ending balance equals this month’s opening balance