CAF-8 · Chapter 9 · Question 6 of 10
What is the primary document used to perform a bank reconciliation?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The client's cash book and the year-end bank statement or bank confirmation letter.
Explanation
A bank reconciliation compares the entity's internal record of cash (the cash book) with the external record provided by the bank (the statement or confirmation).
More Substantive Procedures: Current Assets MCQs
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