Multiple Choice
The correct order in which the steps in the bank reconciliation process occur is:
I. Prepare the bank reconciliation
II. Tick off the items in the prior reconciliation with the bank statement
III. Tick off the cash receipts and cash payments journals with the bank statement
IV. Update the cash receipts and cash payments journals with unticked items from the bank statement
A) III, II, IV, I
B) III, IV, II, I
C) IV, II, III, I
D) II, III, IV, I
Correct Answer:

Verified
Correct Answer:
Verified
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