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Question

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Question 1
What is the debit and credit formula for each account type? (50– 70 words)
Question 2
What should be done before taking a deposit to the bank? (80–100 words)
Question 3
List and briefly describe five errors that are typically made when processing financial transactions. (80–100 words)
Question 4
When you are reconciling transactions, what can you use as proof of lodgement? (100–120 words)
Question 5
List and describe (50–80 words) five types of special transactions

FNSACC301 Process Financial Transactions and Extract Interim Reports

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