What can be done to resolve discrepancies in transactions?

To resolve discrepancies in transactions, multiple approaches can be applied, which is why the correct choice encompasses all listed methods. When discrepancies arise, it's essential to employ a comprehensive resolution strategy.

Marking transactions as reconciled is a foundational step; it provides a clear indication that a particular transaction has been reviewed and deemed accurate in relation to your financial records. However, discrepancies may often require further action to ensure that all records are fully aligned.

Re-entering and rematching expense transactions allows users to validate that every expense is accurately recorded and matched to the corresponding documentation or accounting entry. This process can uncover any mismatches or errors in data entry.

Correcting check amounts to align with reconciled values is crucial when a difference arises between the amounts recorded in your accounting system and what appears on bank statements. By updating these amounts, you ensure that both sets of records accurately reflect the actual transactions.

By utilizing all of these methods, you can effectively address and resolve discrepancies in transactions, ensuring the integrity of financial records.