Question

final assessment - management of energy, money & tasks
management of energy, money & tasks
2 of 10
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?
consolidation
budgeting
reconciliation
investing

Explanation:

• Consolidation involves combining financial statements, not comparing bank and personal records.
• Budgeting is about planning income and expenses, not reconciling records.
• Reconciliation is the process of matching bank records with personal financial records (income/expenses) to identify discrepancies.
• Investing is about allocating money to assets for growth, not record - comparison.

Answer:

C. Reconciliation