please provide theoritical answer

Control descriptions Hide Folder Information Instructions You are a new business owner, congratulations! The bank has agreed to finance the start-up of your new business. The bank would like to see a copy of your control descriptions to gauge, your control environment and the security of their loan. The bank would like to see your narratives or flow charts for your RRR Cycle ore, receipts and receivables), PPP Cycle (purchases, payments and paya' payroll cycle and banking cycle. To preface the narratives or flow charts, please include a brief description of your business. Assignment is due 11:59pm on the Saturday of Week 12 Worth 10% of final grade