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 Date Items Debit Credit Balance Dec 1 Balance b/d 3,419 7 Cheque 101 3,520 3,058 11 Basri 462 20 Farid 21 3,037 3,081 22 Cheque 31 Credit Transfer : Tina 31 Bank Charges 44 93 3,174 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 Date Items Debit Credit Balance Dec 1 Balance b/d 3,419 7 Cheque 101 3,520 3,058 11 Basri 462 20 Farid 21 3,037 3,081 22 Cheque 31 Credit Transfer : Tina 31 Bank Charges 44 93 3,174 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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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

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Tutorial 10
Submission date: 18 January 2021 before 12.00pm
1. The following are extract from the cash book and bank statement of Fifi Enterprise.
Cash Book (Bank Account only)
2020
RM
2020
Dec
RM
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
Debit
Date
Items
Credit
Balance
Dec 1
Balance b/d
3,419
3,520
3,058
3,037
3,081
3,174
7 Cheque
101
11 Basri
462
20 Farid
21
22 Cheque
31 Credit Transfer: Tina
31 Bank Charges
44
93
47
3,127
Required:
a) Prepare the updated cashbook.
b) Prepare the bank reconciliation statement as at 31 December 2020.

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