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What is the RELEVANCE/IMPORTANCE of preparing bank reconciliation statement? What are the 4 STEPS in the bank reconciliation? What is the purpose of proof of


 
  1. What is the RELEVANCE/IMPORTANCE of preparing bank reconciliation statement?
  2. What are the 4 STEPS in the bank reconciliation?
  3. What is the purpose of proof of cash?
  4. Differentiate Accounts Receivable from Notes Receivable.
  5. What is Trade Receivables? Include three examples.
  6. What is Non-Trade Receivables? Include three examples.

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