An entrepreneur commented that a bank reconciliation may not be necessary as she regularly reviews her online bank statement for any unusual items and errors. Describe how a bank reconciliation and an online review (or reading) of the bank statement are not equivalent. Identify and explain at least two frauds or errors that would be uncovered through a bank reconciliation and that would not be uncovered through an online review of the bank statement.
Online Tutoring, Online Tutors
Tuesday 28 November 2017
An entrepreneur commented that a bank reconciliation may not be necessary as she regularly reviews her online bank statement for any unusual items and errors
An entrepreneur commented that a bank reconciliation may not be necessary as she regularly reviews her online bank statement for any unusual items and errors. Describe how a bank reconciliation and an online review (or reading) of the bank statement are not equivalent. Identify and explain at least two frauds or errors that would be uncovered through a bank reconciliation and that would not be uncovered through an online review of the bank statement.
