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the following particulars of Al Nava Industries LLC, prepare bank reconciliation statement as on December 31, 2018 -Bank balance as per cash book RO 32,500 -Cheques deposited into bank but not credited up to December 31, 2018 is RO 8,900. -Cheques issued but n

the following particulars of Al Nava Industries LLC, prepare bank reconciliation statement as on December 31, 2018 -Bank balance as per cash book RO 32,500 -Cheques deposited into bank but not credited up to December 31, 2018 is RO 8,900. -Cheques issued but n

Cornerstones of Financial Accounting
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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Problems on Bank Reconciliation

Q1 From the following particulars of Al Nava Industries LLC, prepare bank reconciliation statement as on December 31, 2018

-Bank balance as per cash book RO 32,500

-Cheques deposited into bank but not credited up to December 31, 2018 is RO 8,900.

-Cheques issued but not presented for payment RO 12,500.*

-Bank credited RO 5,000 for receiving dividend through Electronic Clearing System. *

-Bank charges debited by Bank RO 400.

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