Summarize the Equilibrium Model and Apply It to a Two-Person,mixed-Sex

question 38

Essay

Summarize the equilibrium model and apply it to a two-person,mixed-sex discussion group.

Comprehend the purpose and components of a bank reconciliation process.

Identify items that require adjustment in a bank reconciliation and their effects on the balance per books and balance per bank.

Understand the roles and responsibilities in the management of cash disbursements and the importance of control activities such as segregation of duties and use of prenumbered cheques.

Differentiate between items that would and would not require an adjusting entry on the depositor's books.

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