Demonstrate understanding of the different types of accounts and how and why they are reconciled.

Refer to the criteria attached in files
Pass Merit Distinction
Record business transactions using double entry book-keeping, and be able to extract a trial balance
Apply the double entry book-keeping system of debits and credits. Record sales and purchases tra
Explain the process taken to reconcile control accounts and clear suspense accounts using given account examples.
Demonstrate understanding of the different types of accounts and how and why they are reconciled.
Produce accurate accounts that have been reconciled applying the appropriate method

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