PBL SESSION 5: GENERAL LEDGER AND REPORTING SYSTEMS a. Explain the purpose of each of the following control activities: i. Cancellation of the voucher package by the cashier after signing the cheque. ii. Periodic physical count of inventory. iii. Requiring two signatures on cheques for large amounts. iv. Requiring a regular reconciliation of the bank account by someone other than the person responsible for writing cheques. v. Requiring that a copy of the receiving report be routed through the inventory stores department prior to going to accounts payable. (10 marks) b. In AIS, files used to store cumulative information are called ledgers. Apart from assets, the general ledger contains other summary-level of data or information. Briefly discuss the information available in the general ledger and the subsidiary ledgers. (5 marks) (TOTAL: 15 MARKS)