Question

(List in the correct order)

Answer 1

Answer:

The correct order is as follows :

1. check for the final amount; it should be equal  in the personal account register and the  bank statement.

2. cross check all entries like deposits not credited  and checks not presented for payment and  adjust accordingly.

3. check off all the payments made in his personal  account register and the bank statement.

4. check for bank charges and adjust the personal  account register accordingly.

5. flag any suspicious looking charges or entries

Explanation:

A comparison of balances and entries in personal account register and the  bank statement should be made accordingly during the reconciliation.