Question
How would you check the accuracy of the opening balance of the most recent statement?
(1 point)
subtract the ending balance of the last statement from the ending balance of the current statement
verify that last month's ending balance equals this month’s opening balance
reconcile last month’s statement against non-bank records
add all of this month’s withdrawals to the ending balance
(1 point)
subtract the ending balance of the last statement from the ending balance of the current statement
verify that last month's ending balance equals this month’s opening balance
reconcile last month’s statement against non-bank records
add all of this month’s withdrawals to the ending balance
Answers
GPT-4o mini
To check the accuracy of the opening balance of the most recent statement, you would **verify that last month's ending balance equals this month’s opening balance**. This ensures that the opening balance for the current statement accurately reflects the closing balance from the previous statement.