Title: (Optional) Explain the purpose of reconciling a bank statement.
Course: Medical Assistant I (14151-I) > Section: Managing Financial Transactions

Explanation should include

- comparing the opening balance on a new statement with the closing balance on a previous statement
- ensuring the accuracy of deposits, charges, and receipts.

Process/Skill Questions:

- How should a situation where opening balances and closing balances do not agree be handled?
- How often should a bank statement be reconciled?