Question

A reconciliation report prints the last two bank reconciliation reports automatically.

a) True
b) False

Answer 1

The statement is false. A reconciliation report does not automatically print the last two bank reconciliation reports.

Step-by-step explanation:

The statement is false. A reconciliation report typically includes information regarding the bank statement balance, adjusted bank balance, book balance, and the items that resulted in the differences between the two balances. It does not automatically print the last two bank reconciliation reports. It is generated based on the current bank statement and the previous reconciliation report.