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Required: (a) Prepare a bank reconciliation at 30 June 2016 for Hensley Ltd based on the provided information.(7 marks) (b) Provide a written explanation to

Required:
(a) Prepare a bank reconciliation at 30 June 2016 for Hensley Ltd based on the provided information.(7 marks)
(b) Provide a written explanation to your friend, explaining the significance of a bank reconciliation statement in forming part of a comprehensive system of control over cash transactions.(3 marks)

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