How would you check the accuracy of the opening balance of the most recent statement?(1 point)
Responses
subtract the ending balance of the last statement from the ending balance of the current statement
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
verify that last month's ending balance equals this month’s opening balance
reconcile last month’s statement against non-bank records
reconcile last month’s statement against non-bank records
add all of this month’s withdrawals to the ending balance
add all of this month’s withdrawals to the ending balance
verify that last month's ending balance equals this month’s opening balance
To check the accuracy of the opening balance of the most recent statement, you can follow these steps:
1. Subtract the ending balance of the last statement from the ending balance of the current statement.
2. Verify that last month's ending balance equals this month’s opening balance.
3. Reconcile last month’s statement against non-bank records.
4. Add all of this month’s withdrawals to the ending balance.
By going through these steps, you can ensure the accuracy of the opening balance of the most recent statement.