What banking method is least likely to be used by a large company to reconcile its banking transactions?

Large companies typically handle a vast volume of transactions daily and require efficient, timely methods to reconcile their banking activities. Automated reconciliation systems are specifically designed to match transactions automatically, thus streamlining the reconciliation process. Online banking platforms allow real-time access to account information and transaction histories, making it easy for companies to monitor their balances and activity.

Electronic funds transfer systems are also integral to large companies, enabling direct and quick transactions without the delays associated with traditional methods, further facilitating reconciliation processes.

In contrast, paper bank statements are much less efficient for large companies. They often deal with considerable transaction volumes and rely heavily on technology to keep operations smooth and accurate. The use of physical statements can lead to delays, increased potential for error, and is labor-intensive, making it the least likely method for reconciling banking transactions compared to the more modern and efficient alternatives.