FALSE Exercise 2: Are statements below True (T) or False (F) (10 pts) STATEMENT TRUE 1 There are two ways in preparing the bank reconciliation statement. 2 The items picked up from the bank statement are entered into the cash book as at the last date of the period. . 3 The reimbursement can take place on the last day of the period (e.g. the month). 4 The balance used in preparing the bank reconciliation statement is that of the unupdated cash book. 5 The 'float' figure cannot be amended, it is set as a fixed amount