Determine the statements below that are true regarding why a bank reconcillation is used. $($Check all that apply$)$

We must reconclle the balance of the bank's records and the Cash account in the general ledger and explain or account

Timing differences between the bank statement and the depositor's records are reflected in the bank reconcliation.

The bank reconclitiation is useful in proving the accuracy of the Cash account in the general ledger.

The Cash account balance in the general ledger is accurate, but the bank statement balance is not.