Which of the following options represents the process of reconciling your bank statements?

The process of reconciling your bank statements primarily involves matching receipts to transactions. This is the activity where you carefully check the transactions recorded in your personal financial records against the transactions listed in your bank statement. By doing so, you can identify any discrepancies, such as transactions that you may have missed entering into your records, errors made by the bank, or fraudulent activities.

This practice is crucial for maintaining an accurate understanding of your financial situation. It helps in ensuring that your records reflect what is truly happening in your banking account, allowing you to manage your finances effectively. Monitoring for such discrepancies can prevent overdrafts and help in budgeting accurately based on your actual available funds.

The other options, while relating to finance, do not encompass the specific action of reconciling bank statements. Calculating average expenses pertains to budgeting and financial planning, establishing credit scores involves understanding creditworthiness, and comparing bank fees relates to assessing the cost of banking services.