The answer is: C-Confirm his records are accurate and include all transactions.
If seb realize that there is a difference between the amount written in the bank account and his record, Seb need to find out why the difference occurs by looking at things such as outstanding checks, mistakes in recording, unrecorded transactions because it happen at the end of the month, etc.
The option C is correct. When Seb reconciles his accounts, the first step he should take is to confirm his records are accurate and include all the transactions.
Further explanation:
Reconciling:
Reconciling means to match the balance ofone statementwith the balances of the statement that have been shown at the end of the month or year. The individual reconciles his records with the statement to know if there is any disparity between the amount shown in the statement and own records. After this the individual tries to know the reasons behind the disparity between the amounts.
Justification for the correct and incorrect answer:
A.
Compares his records and his statement: This option is incorrect.
This is the second step for reconciling to compare his records and his statement. This statement is incorrect.
B.
Examine his statement to checks for errors: This option is incorrect.
This is the third step in reconciling to examine the statement to checks for errors. After comparing his records and his statement, if any disparity occurs then try to examine the checks for errors. So, this statement is not the first step.
C.
Confirm his records are accurate and include all the transactions: This option is correct.
This is the first step in reconciling to confirm records are accurate and include all the transactions. After doing this compare the records with the statements.
D.
Make sure his statement end balances match his records: This option is incorrect.
This is the fourth step in reconciling. After examining the checks for error, match the statement with end balances. This is not the correct option.
Learn more:
1. Learn more about recording
https://brainly.com/question/3212764
2. Learn more about savings account
https://brainly.com/question/2652429
3. Learn more about federal reserve bank
https://brainly.com/question/9417688
Answer details:
Grade: Middle School
Subject: Accounting
Chapter: Bank Reconciliation
Keywords: reconciles his account, the first step, should take, compares, examine, checks for errors, at the end of month, year.
