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Imagine you work for a company that uses a cash accounting system, while another colleague works for a company that uses an accrual-based accounting system.
Imagine you work for a company that uses a cash accounting system, while another colleague works for a company that uses an accrual-based accounting system.
Describe how each of you would reconcile the GST control accounts in your respective systems and how you would reconcile the outstanding GST.
(Approximate word count: 100 - 150 words).
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