Although the process of bank reconciliation provides a measure of control over cash in a business entity,
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‘Although the process of bank reconciliation provides a measure of control over cash in a business entity, bank reconciliation is useless unless it operates within a framework which incorporates essential elements of a good internal control system.’ Discuss this statement.
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Preparing a bank reconciliation statement does not ensure that all cash receip...View the full answer
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Related Book For 
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
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