The check register, the general ledger account, and the balance sheet are used in a bank reconciliation to verify that the bank's records are correct.

• A. False
• B. Only the balance sheet is used
• C. True
• D. Only the check register is used

Answer: (C)

Bank reconciliation involves comparing the bank statement with the company’s own cash records to ensure both sets of numbers agree. The check register provides the detailed cash transactions the company has recorded, and the general ledger cash account shows the formal accounting record of cash used to prepare the financial statements. The balance sheet reflects the cash asset at a given date, which is the figure the reconciliation aims to support and verify after adjustments for items like outstanding checks and deposits in transit. Because you’re confirming that the bank’s records align with the company’s records and that the cash balance on the balance sheet is correct, all three sources are involved, making the statement true.