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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Long Branch Company's Cash account shows an ending balance of $650. The bank statement shows a $12 service charge and an NSF check for $200. A $270 deposit is in transit, and outstanding checks total $450. What is Long Branch's adjusted cash balance? A. $438 B. $470 OC. $258 D. $862 OOO
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Question Prepare the updated cash book for the month of April 2021.
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CHAPTER : BANK RECONCILIATION
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