Reference no: EM132622412

Problem 1: What are 3 important reasons to reconcile bank and credit card accounts at set dates?

(Select all that apply)

a) To verify transactions have the correct date assigned to them

b) To verify that an account balance is within its credit limit

c) To verify that all transactions have been recorded for the period

d) To verify that previously reconciled transactions have not been changed since the last reconciliation

e) To verify that the bank has not lost its connection to QuickBooks Online