Chapter : Bank Reconciliation Statement 下1. The following are extract from the cash book and bank statement of Fifi Enterprise.Cash Book (Bank Account only)20202020RMRMDecDec 1Balance b/d3,419Basri4627 Farah10115 Farid2122 Ghaz4428 Tengku20931 Weiwei31931 Siti24631 Balance c/d3,4374,1294,129Bank StatementDebitDateItemsCreditBalanceDec 1Balance b/d3,4197 Cheque1013,52011 Basri4623,0583,0373,08120 Farid2122 Cheque4431 Credit Transfer : Tina933,17431 Bank Charges473,127Required:a) Prepare the updated cashbook.b) Prepare the bank reconciliation statement as at 31 December 2020.FiltersAdd a caption.

Bank reconciliation statement is the statement which the causes of difference between the balance of…

1. The following are extract from the cash book and bank statement of Fifi Enterprise. Cash Book (Bank Account only) RM 2020 2020 RM Dec Dec 1 Balance b/d 3,419 Basri 462 7 Farah 101 44 15 Farid 21 22 Ghaz 28 Tengku 209 31 Weiwei 319 31 Siti 246 31 Balance c/d 3,437 4,129 4,129 Bank Statement Items Date Debit Credit Balance Dec 1 Balance bid 3,419 7 Cheque 101 3,520 11 Basri 462 3,058 3,037 20 Farid 21 22 Cheque 44 3,081 31 Credit Transfer : Tina 31 Bank Charges 93 3,174 47 3,127 Required: a) Prepare the updated cashbook. b) Prepare the bank reconciliation statement as at 31 December 2020.

1. The following are extract from the cash book and bank statement of Fifi Enterprise. Cash Book (Bank Account only) RM 2020 2020 RM Dec Dec 1 Balance b/d 3,419 Basri 462 7 Farah 101 44 15 Farid 21 22 Ghaz 28 Tengku 209 31 Weiwei 319 31 Siti 246 31 Balance c/d 3,437 4,129 4,129 Bank Statement Items Date Debit Credit Balance Dec 1 Balance bid 3,419 7 Cheque 101 3,520 11 Basri 462 3,058 3,037 20 Farid 21 22 Cheque 44 3,081 31 Credit Transfer : Tina 31 Bank Charges 93 3,174 47 3,127 Required: a) Prepare the updated cashbook. b) Prepare the bank reconciliation statement as at 31 December 2020.

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter8: Sarbanes-oxley, Internal Control, And Cash

Section: Chapter Questions

Problem 18E

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The following are extract from the cash book and bank statement of Fifi Enterprise. Cash Book (Bank Account only) 2020 RM 2020 RM Dec 1 Balance b/d 3,419 7 Farah 101 22 Ghaz 44 31 Weiwei 319 31 Siti 246 4,129 Dec 8 Basri 462 15 Farid 21 28 Tengku 209 31 Balance c/d 3,437 4,129 Bank Statement Date Items Debit Credit Balance Date Items Debit Credit BalanceDec 1 Balance b/d 3,4197 Cheque 101 3,52011 Basri 462 3,05820 Farid 21 3,03722 Cheque 44 3,08131 Credit Transfer:Tina 93 3,17431 Bank Charges 47 3,127 Required: a) Prepare the updated cashbook. b) Prepare the bank…
The following are extract from the cash book and bank statement of Fifi Enterprise. Cash Book (Bank Account only) 2020 RM 2020 RM Dec 1 Balance b/d 3,419 7 Farah 101 22 Ghaz 44 31 Weiwei 319 31 Siti 246 4,129 Dec 8 Basri 462 15 Farid 21 28 Tengku 209 31 Balance c/d 3,437 4,129 Bank Statement Date Items Debit Credit Balance Dec 1 Balance b/d 3,419 7 Cheque 101 3,520 11 Basri 462 3,058 20 Farid 21 3,037 22 Cheque 44 3,081 31 Credit Transfer : Tina…
The following are extract from the cash book and bank statement of Fifi Enterprise. Cash Book (Bank Account only) 2020 RM 2020 RM Dec 1 Balance b/d 3,419 7 Farah 101 22 Ghaz 44 31 Weiwei 319 31 Siti 246 4,129 Dec 8 Basri 462 15 Farid 21 28 Tengku 209 31 Balance c/d 3,437 4,129 Bank Statement Date Items Debit Credit Balance Dec 1 Balance b/d 3,419 7 Cheque 101 3,520 11 Basri 462 3,058 20 Farid 21 3,037 22 Cheque 44 3,081 31 Credit Transfer : Tina…
Use the following information that was drawn from the books of Ralesego as on 31December 2020 to draw the bank reconciliation statement. Details Amount ‘Pulas’Cash at bank as per cashbook bankcolumn 2,910Unpresented Cheques 730 Bank lodgments 560Credit transfers appearing in the bank 340statement but not entered in the cashbookCash balance as per bank statement 3,420
The following are extract from the cash book and bank statement of Fifi Enterprise Cash Book (Bank Account only) 2020 RM 2020 RM Dec 1 Balance b/d 3,419 Dec 8 Basri 462 7 Farah 101 15 Farid 21 22 Ghaz 44 28 Tengku 209 31 Weiwei 319 31 Siti 246 31 Balance c/d 3,437 4,129 4,129 Bank Statement Date Items Debit Credit Balance Dec 1 Balance b/d 3,419 7 Cheque 101 3,520 11 Basri 462 3,058 20 Farid 21 3,037 22 Cheque 44 3,081 31 Credit Transfer : Tina 93 3,174 31 Bank Charges 47 3,127 Required: Prepare the updated cashbook Prepare the bank reconciliation statement as at 31 December 2020
The following information was taken from the books of Zia Traders on 30 June2019: 1. The items appearing on the bank reconciliation statement of Zia Traders asat 31 May 2019.Details Amount(R)Balance as per bank statement (unfavourable) 25 400Outstanding deposit 5 700Outstanding cheques: CHQ116 1 430CHQ135 2 780Correction of incorrect cheque (see note 2.5 below) 570Balance as per bank account ?2. A comparison of the cashbooks for June, the above bank reconciliationstatement and the bank statement for June showed the following:2.1 Provisional totals in the cashbooks on 30 June:  Cashbook Receipts R 113 200 Cashbook Payments R 96 0002.2 The outstanding deposit at the end of May for R5 700 appeared onthe bank statement on 5 June 2019.2.3 Cheque number CHQ135 appeared on the bank statement on 7 June for R3 100. An investigation revealed that the bankstatement amount was correct.2.4 Cheque number CHQ116 still did not appear on the bank statementfor June 2019. The cheque was originally…
The following information was taken from the books of Zia Traders on 30 June2019:1. The items appearing on the bank reconciliation statement of Zia Traders asat 31 May 2019.Details Amount(R)Balance as per bank statement (unfavourable) 25 400Outstanding deposit 5 700Outstanding cheques: CHQ116 1 430CHQ135 2 780Correction of incorrect cheque (see note 2.5 below) 570Balance as per bank account ?2. A comparison of the cashbooks for June, the above bank reconciliationstatement and the bank statement for June showed the following:2.1 Provisional totals in the cashbooks on 30 June:  Cashbook Receipts R 113 200 Cashbook Payments R 96 0002.2 The outstanding deposit at the end of May for R5 700 appeared onthe bank statement on 5 June 2019.2.3 Cheque number CHQ135 appeared on the bank statement on 7 June for R3 100. An investigation revealed that the bankstatement amount was correct.2.4 Cheque number CHQ116 still did not appear on the bank statementfor June 2019. The cheque was originally…