BBA 2201 DB 5 AND 6

BBA 2201 DB 5

If you were to open your own business (a business that would require you to keep an inventory), what inventory costing method would you prefer? Discuss why you chose the particular inventory costing method and if your costing method would follow the actual flow of your inventory.

BBA 2201 DB 6

Discuss whether you think the same person who receives cash payments should also prepare the bank reconciliation. Give a least one reason to support your answer.