Accounting

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Q6: Describe how the bank reconciliation can be used as an internal control tool for cash. Should the same person who receives cash payments also prepare the bank reconciliation? Give at least one reason to support your answer.

Your journal entry must be at least 200 words. No references or citations are necessary.

Q7: Describe how the bank reconciliation can be used as an internal control tool for cash. Should the same person who receives cash payments also prepare the bank reconciliation? Give at least one reason to support your answer.

Your journal entry must be at least 200 words. No references or citations are necessary.

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