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002-002 - Recording Of Business Transaction

This paper introduces the participant to the concept that payments are made by bank account and also highlights the desirability of using a petty cash system to be operated on the Imprest System and recommends the regular preparation of bank reconciliation statements. ...Read more
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This paper introduces the participant to the concept that payments are made by bank account and also highlights the desirability of using a petty cash system to be operated on the Imprest System and recommends the regular preparation of bank reconciliation statements.