Question: QUESTION 4 Note: paraphrase to avoid dislike bottom a. Briefly explain the accounting process involved in the preparation of financial reports. b. A limited company

QUESTION 4

Note: paraphrase to avoid dislike bottom

a.

Briefly explain the accounting process involved in the preparation of financial reports.

b.

A limited company has many advantages compared to a sole proprietorship and partnership. Discuss.

c.

Discuss the differences and the purpose of preparing the following accounts and statement: -

i. Cashbook

ii. Petty Cash

iii. Bank Reconciliation

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