To obtain maximum benefit from a bank reconciliation, the reconciliation should be prepared by the employee authorized to sign checks. true false

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Business

Natasha Bruce

17 May, 20:20

To obtain maximum benefit from a bank reconciliation, the reconciliation should be prepared by the employee authorized to sign checks. true false

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Ismael Caldwell · Answer 1

This statement is false.

Regardless of whether the employee authorized to sign checks prepared your reconciliation or not, you won't obtain more benefits from a bank reconciliation. It will not affect your benefits in any way no matter who prepares the reconciliation.