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The Correct Order in Which the Steps in the Bank

Question 5

Multiple Choice

The correct order in which the steps in the bank reconciliation process occur is:
i. Tick off the items in the prior reconciliation with the bank statement
ii. Prepare the bank reconciliation
iii. Tick off the cash journals with the bank statement
iv. Update the cash journals with unticked items from the bank statement


A) i, ii, iii, iv
B) iv, iii, ii, i
C) i, iii, iv, ii
D) i, iv, iii, ii

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