Which of the following is not one of the steps to follow when preparing a bank reconciliation statement?

A. Compare the amounts of deposits in the bank statement with the amounts shown in your
accounting records.
B. Compare the amounts of canceled checks with the amounts shown in your accounting records.
C. Determine the amounts of all outstanding checks and deduct them from the balance shown on
the bank statement.
D. Determine the amounts of any credit memos issued by the bank and deduct them from your check
register.

To determine which of the options is not one of the steps to follow when preparing a bank reconciliation statement, let's go through each option and explain the process:

A. Compare the amounts of deposits in the bank statement with the amounts shown in your accounting records:
- To do this, you would take your bank statement and compare the listed deposits with the amounts recorded in your accounting records. This allows you to identify any discrepancies or missing deposits.

B. Compare the amounts of canceled checks with the amounts shown in your accounting records:
- Here, you would take your bank statement and compare the canceled checks listed with the amounts recorded in your accounting records. This helps you identify any discrepancies or missing checks.

C. Determine the amounts of all outstanding checks and deduct them from the balance shown on the bank statement:
- This step involves identifying any checks that have been issued but have not yet cleared the bank. You would subtract the total amount of these outstanding checks from the balance shown on the bank statement to adjust your records accordingly.

D. Determine the amounts of any credit memos issued by the bank and deduct them from your check register:
- Credit memos are when the bank refunds money back to your account for various reasons such as returned checks or bank errors. To account for these credit memos, you would deduct their amounts from your check register.

Based on the options given, the step that is NOT part of preparing a bank reconciliation statement is option D, which mentions deducting credit memos from the check register. The correct answer is D.