Un A note receivable is collected by the bank on behalf of a company. This is discovered during the bank reconciliation process and indicates Time 01. 02. 03. An overstatement of the bank statement An understatement of the bank statement An overstatement of the Cash account in the general ledger An understatement of the Cash account in the general ledger 04. Previous | Skip! Save & Next > (Ver: 7.21 Sep 22, 2019 10:11:03 PM Eastern Standard Time E-mail