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Explain why a Business should prepare a Bank Reconciliation at the end of each month. What do you think is the most important Internal Control

  1. Explain why a Business should prepare a Bank Reconciliation at the end of each month.
  2. What do you think is the most important Internal Control that a large Retailer like Best Buy can put in place to minimize the risk of Cash being stolen, and why do you think it is the most important one?

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