Problems on Bank ReconciliationQ7 From the following particulars of Mr. Dawood, prepare bank reconciliation statement as on Jan 31, 2020.1. Bank balance as per cash book RO. 50,000.Cheques issued but not presented for payment RO. 6,000.The bank had directly collected dividend of RO. 8,000 and credited to bank account but was not entered in the cash book.Bank charges of RO. 400 were not entered in the cash book.A cheques for RO. 6,000 was deposited but not collected by the bank.

We have the following information: Bank balance as per cash book $50,000. Cheques issued but not…

Answered: 8,000 and credited to bank account but…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 7EA: Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance:...

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Problems on Bank Reconciliation

Q7 From the following particulars of Mr. Dawood, prepare bank reconciliation statement as on Jan 31, 2020.

1. Bank balance as per cash book RO. 50,000.
Cheques issued but not presented for payment RO. 6,000.
The bank had directly collected dividend of RO. 8,000 and credited to bank account but was not entered in the cash book.
Bank charges of RO. 400 were not entered in the cash book.
A cheques for RO. 6,000 was deposited but not collected by the bank.

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