updated for the related accounting period.The balance of the control account should equal the balance of all the accounts in the subsidiary ledger and therefore providing an internal check.
2 What does it mean to say that figures should be reconciled? (100 words)
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Activity 17
Why do drafts of returns and lodgements need to be reviewed and signed off by authorised personnel? (70–80 words)
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Activity 18 Activity statements must be lodged in accordance with statutory, legislative and regulatory requirements. How can an effective accounting system help? (200–250 words)
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