Question

In: Accounting

The cash book of Mahen shows a debit balance of RM50,000 on the 31 January 20X1....

The cash book of Mahen shows a debit balance of RM50,000 on the 31 January 20X1. The Bank Statement for 31 January 20X1 shows an overdraft balance of RM17,100. After examining the two, the following are found:

a.  Two pieces of cheque issued to creditors for RM15,000 and RM10,000 have not been presented to the bank for payments.

b. A cheque of RM35,000 has been received by the business and debited in the cash book. That amount has not yet been credited by the bank.

c. A cheque of RM45,000 deposited into the bank has been returned (dishonoured) by the bank. Correction has not been made in the cash book.

d. A cheque with a value of RM6,000 issued to creditor has been wrongly debited in the cash book.

e. Bank charges of RM100 has not been taken into account in the cash book.

Required:

Prepare a Bank Reconciliation statement for the month of 31 January 20X1, after making the necessary adjustments to the cash book.

Solutions

Expert Solution

ekkarill92 answered 2 years ago
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