Describe how the bank reconciliation can be used as an internal control tool for cash. Also, should the same person that receives cash payments prepare the bank reconciliation? Give at least one reason to support your answer.
Do you agree that when one enters into a disadvantageous bargaining position because of one's own voluntary acts (such as ignoring a warning) that an otherwise exploiting act becomes morally permissible because the person assumed the risk, or is the act always impermissible because the person is especially disadvantaged? Why, or why not?