2. What is the purpose of conducting a bank reconciliation? a. To identify any unexplained discrepancies between bank records and the records kept by the organisation b. To detect fraudulent transactions C. To detect duplicated or erroneous transactions All of the options are correct 3. What needs to be done before we complete a Business Activity Statement (BAS) for Nile Books? i Define which items will appear on the BAS ii) Find the information on the wages paid for the quarter iii) Go to 'Chart of Accounts' -> "Main Dashboard" -> "Settings' -> 'Add Bank Account" -> Select the 'Bank Account a. b. C. i and ii I, ii, iii 4. To minimise the possible negative impact brought about by unexpected transactions, an organisation should: a.. Ask designers of a control system to predict every possible outcome and every future event. b. Place a strong emphasis on ethical and responsible behaviour. Ask external auditors to audit their internal control system. Refuse carrying out unexpected transactions