Evaluate the following statements. Do you agree with the statements? Support your evaluation with reference to relevant accounting concepts, principle, procedure and where appropriate an example. Internal controls lead to barriers in smooth workflow of an organisation. A business with high cash balance must be profitable d e 10 DUO a b Sole proprietorship is the best form of organisation. Journal and ledger duplicate each other and serve as a substitute of each other. Closing entries are a substitute for adjusting entries. 15 Marks Word Marks limit 3 m 3 m m 50 3 50 50 3 50 3 50