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How bank reconciliation can be used as internal control tool

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ACCOUNTING ASSIGNMENT

1. Describe how the bank reconciliation can be used as an internal control tool for cash. Also, should the same person that receives cash payments prepare the bank reconciliation? Give at least one reason to support your answer.

2. Identify a problem in society, your own life, in the life of someone you know, or in the life of someone you have read about. Analyze aspects of the problem and present a solution to this problem from your own perspective. Use the concepts from the chapters to guide your analysis. You can also talk about irrational problem solving that has already occurred in relation to the problem that you identify. Your explanations should have reasons that support them and make use of the concepts in the textbook.

3. Think about some things that you can do in your life today to become more culturally aware. In 150 words or more, what role do you think cultural awareness plays in your workplace? Give an example to support your comments.

Reference no: EM131559928

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