How do you read a bank statement to verify deposits, withdrawals, and fees?

How do you read a bank statement to verify deposits, withdrawals, and fees?

• A. Rely on memory and ignore statements.
• B. Check ending balance, compare each transaction description and date, confirm deposits, note any fees, and reconcile against personal records.
• C. Only check deposits and ignore withdrawals.
• D. Reconcile once a year.

Answer: (B)