Question

The second feature: It measures the skills of the course and critical thinking (20 degrees) b1 & c1 - The work consists of four branches (A, B, C, and D). The answer to all branches is required. Branch A: (5 degrees) - measures the skills of the course Critical thinking - b1 & c1 represents cash - the most liquid asset - the standard intermediary in exchange, the basis for measuring and accounting for all other items, and cash is surrounded by some problems of managing and controlling them not only the cash that the facility has in its headquarters but also the cash in the bank, so the supervision For cash in the bank first, by checking the balance in the establishment’s records and comparing it with the cash in the bank, assuming that you work as an accountant with Al-Fahd Company, where the bank’s account balance in the accounting records of the company at the end of January was 15,000 dinars, while the balance contained in the bank’s statement in The date of January 31 is 12,000 dinars, and when matching the balances between them it was confirmed for the following: The company did not record the interest of its bonds held by the bank, which he acquired on January 20 and amounted to 8,000 dinars The company did not record the bank service expenses of 2,000 dinars in the records Company The company discovered that one of the checks drawn during the month in the amount of 800 dinars to pay one of the creditors had recorded an error in its books in the amount of 8,000 dinars. On the date of January 30, the bank replied to an incoming check from one of the company's customers, which amounted to 8,200 dinars, because the customer’s balance was not sufficient. The value of the checks drawn during the month of January and did not carry the account statement, 1,000 dinars. There are innovations in the amount of 9,000 dinars, sent to the bank on January 31 and not shown in the account statement. . .

The required: Use your basic skills in organizing information to find the following: First: Prepare a bank settlement note. (3 degrees) -1 Second: Verify settlement restrictions in Al-Fahd Company records.

Answer 1

Bank Reconciliation Statement Al- Fahd Company Records
Balance As per Books			15000
Add:	Shown in Bank but not in Books of Accounts	A	8000
	Wrongly Shown as 8000	C	7200
	Check Issued and not presented to Bank	E	1000	16200
Less:	Shown in Bank but not in Books of Accounts	B	2000
	Not credited in Bank	D	8200
	Cash Deposited but not shown in Bank	F	9000	19200
Balance As per Bank Statement			12000
Working Notes
Transactions
A	Interest Received on Investement not shown in Books			8000
B	Bank Services Expenses not recorded in Books			2000
C	Check Issued for 800 recorded in Books as 8000			7200
D	Check received form Customer Bounced due to insufficeint fund			8200
E	Check Issued and not presented to Bank			1000
F	Cash Deposited but not shown in Bank			9000