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2. Amoako's cash book showed an overdrawn balance of GHS3,000 on 31 December, 2012 on his current accoun The balance as per the bank statement was an overdrawn balance of GHS800. Further investigations showed th Following: Cheque drawn amounting to GHS5,000 had not been presented for payment. Cheques amounting to GHS2,500 entered in the cash book as paid into the bank had not yet been cleared by th bank. A cheque book costing GHS400 had been charged in the bank statement but not entered in the cash book. A dividend of GHS400 paid direct to the bank had not been recorded in the cash book. A cheque for GHS1,200 drawn on his current account had been charged by the bank to his deposit account. A cheque for GHS500 paid into the bank had been dishonoured and shown as such by the bank, but no entry has been made in the cash book. The payment side of the cash book had been undercast by GHS700. Bank charges of GHS300 entered in the bank statement had not been entered in the cash book. You are required to prepare: (a) Adjusted Cash Book (b) Bank Reconciliation Statement.

2. Amoako's cash book showed an overdrawn balance of GHS3,000 on 31 December, 2012 on his current accoun The balance as per the bank statement was an overdrawn balance of GHS800. Further investigations showed th Following: Cheque drawn amounting to GHS5,000 had not been presented for payment. Cheques amounting to GHS2,500 entered in the cash book as paid into the bank had not yet been cleared by th bank. A cheque book costing GHS400 had been charged in the bank statement but not entered in the cash book. A dividend of GHS400 paid direct to the bank had not been recorded in the cash book. A cheque for GHS1,200 drawn on his current account had been charged by the bank to his deposit account. A cheque for GHS500 paid into the bank had been dishonoured and shown as such by the bank, but no entry has been made in the cash book. The payment side of the cash book had been undercast by GHS700. Bank charges of GHS300 entered in the bank statement had not been entered in the cash book. You are required to prepare: (a) Adjusted Cash Book (b) Bank Reconciliation Statement.

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 2AP
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2. Amoako's cash book showed an overdrawn balance of GHS3,000 on 31 December, 2012 on his current account The balance as per the bank statement was an overdrawn balance of GHS800. Further investigations showed the Following: Cheque drawn amounting to GHS5,000 had not been presented for payment. Cheques amounting to GHS2,500 entered in the cash book as paid into the bank had not yet been cleared by the bank A cheque book costing GHS400 had been charged in the bank statement but not entered in the cash book. A dividend of GHS400 paid direct to the bank had not been recorded in the cash book. A cheque for GHS1,200 drawn on his current account had been charged by the bank to his deposit account. A cheque for GHS500 paid into the bank had been dishonoured and shown as such by the bank, but no entry has been made in the cash book. The payment side of the cash book had been undercast by GHS700. Bank charges of GHS300 entered in the bank statement had not been entered in the cash book. You are required to prepare: (a) Adjusted Cash Book (b) Bank Reconciliation Statement.
Transcribed Image Text:2. Amoako's cash book showed an overdrawn balance of GHS3,000 on 31 December, 2012 on his current account The balance as per the bank statement was an overdrawn balance of GHS800. Further investigations showed the Following: Cheque drawn amounting to GHS5,000 had not been presented for payment. Cheques amounting to GHS2,500 entered in the cash book as paid into the bank had not yet been cleared by the bank A cheque book costing GHS400 had been charged in the bank statement but not entered in the cash book. A dividend of GHS400 paid direct to the bank had not been recorded in the cash book. A cheque for GHS1,200 drawn on his current account had been charged by the bank to his deposit account. A cheque for GHS500 paid into the bank had been dishonoured and shown as such by the bank, but no entry has been made in the cash book. The payment side of the cash book had been undercast by GHS700. Bank charges of GHS300 entered in the bank statement had not been entered in the cash book. You are required to prepare: (a) Adjusted Cash Book (b) Bank Reconciliation Statement.
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