Which of the following are on the bank statement before reconciliation?

i. standing order

ii. payment to a creditor

iii. receipt from a debtor

iv. uncredited cheque

v. unpresented cheque

A. i and v
B. i and ii
C. i, ii and iii
D. i and iv
E. i, iv and v

Correct Answer:

Option C – i, ii and iii