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an important part of month end reporting is reconciling the balance sheet ( please see below ) briefly explain why this is important? For each

an important part of month end reporting is reconciling the balance sheet ( please see below ) briefly explain why this is important?

For each of the numbered balance sheet accounts biefly explain how you would recocile each balance

1?

2?

3_?

4?

5?

6?

7?

8?

Statement of financial position 31/03/2021

last year current assets investments this year 31/03/21 question
93172 Bank account xxx 1 1
$497269 Debtors general sundry 65622 2
$385,562 Provisonal tax 787762 3
$11334 Whit holding tax 33730 4
$ 365697 Debtors sales comisions 545448 5
Less current liabilities
$266721 General creditors $243419 6
$ 334,738 Creditors - Agents $317745 7
$ 92372 GST control $ 101216 8

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