Question 6 Transaction cycle 5 marks Alpha Ltd has a reconciliation problem. The amount...
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Accounting
Question 6 Transaction cycle 5 marks Alpha Ltd has a reconciliation problem. The amount of cash receipted and banked by the cashier does not seem to agree with the amount allocated against open invoices in the accounts receivable customer records. Alpha Ltd seems to have good controls it separates the receipting and recording of cash, and it regularly conducts a reconciliation. Required: What documentation should you examine within the revenue cycle in order to investigate this problem?
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