1. The following are extract from the cash book and bank statement of Fifi Enterprise.Cash Book (Bank Account only)2020RM2020RMDecDec 1Balance b/d3,4198Basri4627 Farah10115 Farid2122 Ghaz4428 Tengku20931 Weiwei31931 Siti24631 Balance c/d3,4374,1294,129Bank StatementDateItemsDebitCreditBalanceDec 1Balance b/d3,4197 Cheque1013,5203,0583,03711 Basri46220 Farid2122 Cheque31 Credit Transfer : Tina31 Bank Charges443,081933,174473,127Required:a) Prepare the updated cashbook.b) Prepare the bank reconciliation statement as at 31 December 2020.

Bank Reconciliation is the statement showing the totals of cash book and pass book which needs to…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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