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
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Which of these is not a good
Q2: How many of these are features of
Q3: Which of these is not a principle
Q4: If the petty cash fund was not
Q6: Which of these is a principle of
Q7: Mojo Ltd received its monthly bank statement
Q8: Fletcher and Associates had an unadjusted bank
Q9: Bendigo Resources makes all sales on credit
Q10: Internal controls that apply to computerised accounting
Q11: The asset most commonly subject to misappropriation