the process of reviewing income and expenses to compare what the bank has recorded with what you have…
the process of reviewing income and expenses to compare what the bank has recorded with what you have recorded is known as which of the following?\nconsolidation\nbudgeting\nreconciliation\ninvesting
Answer
Brief Explanations:
Reconciliation is the process of comparing two sets of records to check that figures are in agreement. In banking, it involves comparing one's own records of income and expenses with the bank - recorded transactions. Consolidation is about combining entities or accounts, budgeting is about planning future income and expenses, and investing is about putting money into assets for profit.
Answer:
C. Reconciliation