purchases ledger d. No entry is made in the sales ledger and the purchases ledger Which of the following items reconciling the balance on the bank ledger account to the balance shown on the bank statement are referred to as timing differences? (1) Standing orders (2) Unpresented cheques (3) Dishonoured cheques (4) Outstanding lodgements Select one a. 2 and 3 only b. 2 and 4 only c. 3 and 4 only d. 1 and 2 only Previous page Next page