QUESTION 1 The following information is available to Gabuih Enterprise as of 31 December 2020: RM1.Balance as per book1,6502.Cheques deposited but was not stated in the bank statement3,5003.Cheques issued but not yet presented at the bank3,0004.Bank charges debited from Gabuih Enterprise account as in bank statement1005.Interest recorded in Bank Statement only1506.7.Direct payment by a customer into the bank but not recorded in the bookBalance as per bank statement2,6003,800 REQUIRED: Prepare a Bank Reconciliation Statement for Gabuih Enterprise

Bank Reconciliation statement is one of the statement which is prepared to reconcile cash balance as…

Answered: QUESTION 1 The following…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter4: Internal Control And Cash

Section: Chapter Questions

Problem 16CE

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QUESTION 1

The following information is available to Gabuih Enterprise as of 31 December 2020:

		RM
1.	Balance as per book	1,650
2.	Cheques deposited but was not stated in the bank statement	3,500
3.	Cheques issued but not yet presented at the bank	3,000
4.	Bank charges debited from Gabuih Enterprise account as in bank statement	100
5.	Interest recorded in Bank Statement only	150
6. 7.	Direct payment by a customer into the bank but not recorded in the book Balance as per bank statement	2,600 3,800

REQUIRED:

Prepare a Bank Reconciliation Statement for Gabuih Enterprise

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