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Q.1.3 Prepare the bank account in the general ledger on 31 May 2021. Q.1.4 Prepare the bank reconciliation statement on 31 May 2021. Q.1.5 It

Q.1.3

Prepare the bank account in the general ledger on 31 May 2021.

Q.1.4

Prepare the bank reconciliation statement on 31 May 2021.

Q.1.5

It is evident that cash is not being controlled well in the business. Identify two

problems and provide advice to the owner as to how these problems can be avoided in future.

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