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    Chp 3 Bank Reconciliation Statement Q7 Pg51 WB1

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    Chp 3 Bank Reconciliation Statement Q7 Pg51 WB1

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    kaitlynktc
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    Chp 3 Bank Reconciliation Statement Q7 Pg51 WB1

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    kaitlynktc

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    2024 S2C1 Bookkeeping and Accounts (Homework Answer)

    Chapter 3 Bank Reconciliation Statement

    Question 7 [Final Exam 2005]

    The following shows the Cash Book and Bank Statement of a firm:
    Cash Book (Bank Column)
    2020 RM 2020 Cheque No. RM
    Jan 1 Balance b/d 950 Jan 3 Wages 10186 360
    6 Sales 565 7 Purchases 10187 485
    7 Commission Income 70 10 Amy 10188 220
    18 Jack 180 15 Steven 10189 100
    21 Sales 420 18 Penny 10190 310
    29 Dicky 110 30 Rent 10191 150
    30 Ray 230 31 Balance c/d 900
    2,525 2,525

    Feb 1 Balance b/d 900

    Bank Statement
    Date Particulars Debit Credit Balance
    2020 RM RM RM
    Jan 1 Balance b/d 745
    1 Deposit 325 1,070
    2 Cheque No. 10185 120 950
    4 Cheque No. 10186 360 590
    9 Deposit 565 1,155
    10 Deposit 70 1,225
    12 Credit Transfer: Moon 200 1,425
    15 Cheque No. 10187 485 940
    18 Cheque No. 10189 100 840
    20 GST Ltd — Dividend 300 1,140
    23 Deposit 180 1,320
    25 Deposit 420 1,740
    30 Standing Order 110 1,630
    31 Service Charge 25 1,605

    You are required to:

    (a) bring the Cash Book up to date.

    (b) draw up a statement reconciling the Bank Statement balance with the corrected
    Cash Book balance.
    Question 7 Pg. 51 WB1 S2C1

    (a)
    Adjusted Cash Book (Bank Column)
    2020 RM 2020 RM
    Jan 31 Balance b/d 900 Jan 31 Standing order 110
    31 Trade Receivable -Moon 200 Bank Charges
    31 Dividend Income -service charge 25
    -GST Ltd 300 31 Balance c/d 1,265
    1,400 1,400

    Feb 1 Balance b/d 1,265

    (b)
    S2C1
    Bank Reconciliation Statement as at 31 January 2020
    RM RM
    Debit Balance as per Adjusted Cash Book 1,265
    Add: Unpresented Cheques
    -Amy 10188 220
    -Penny 10190 310
    -Rent 10191 150
    680
    1,945
    Less: Uncredited Cheques -Dicky 110
    -Ray 230
    (340)
    Credit Balance as per Bank Statement 1,605

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