Using the Four-Column Method approach to an open-response question, answer ONE of the following questions.  Complete the analysis chart first.  Then, key your response on the computer.
 

1.  Depositors of a bank receive a bank statement monthly.  Describe the purpose of a bank statement and list three items which are found on a bank statement.  Also, summarize the three-step process of reconciling a bank statement.

2.  Your company uses a petty cash system.  Explain what a petty cash system is and its purpose within the accounting system.  Include a summary of petty cash fund procedures which describes at least three steps to establish and replenish a petty cash fund.
 
 

I Must Know	I Must Do	Put the Answer Together	Make Connections to Make the Answer Better
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Source:  KDE Materials