Explain the importance of Bank Reconciliation Statement and give real examples explaining all possible items that make differences between cash balance in general ledger and bank statement balance.

Q1.Explain the importance of Bank Reconciliation Statement and give real examples explaining all possible items that make differences between cash balance in general ledger and bank statement balance.(3 marks) Answer: Q2.Explain how the direct write-off method and the allowance method are applied in accounting for uncollectible accounts receivables? Explain with examples (3 marks) Answer Q3. Define depreciation and list methods of depreciation with numerical examples for each method (4 marks)