5. The bank columns in the cash book for July 2020 and the bank statement for that month for AAA Trading are as follows: Cash Book (Bank Account only) 2020 RM 2020 RM July 1 Balance b/d 11,895 July 6 Ah Chin 750 8 Ah Pek 790 13 Muthu 2,165 17 Veeta 465 17 Sari 440 29 Fasihah 1,535 30 Staff Club 285 31 Siew Ting 3,120 31 Balance c/d 14,165 17,805 17,805 Bank Statement Date Items Debit Credit Balance July 1 Balance b/d 8 Cheque 9 Ah Chin 17 Cheque 11,895 790 12,685 11,935 12,400 750 465 18 Muthu 2,165 440 10,235 19 Sari 9,795 29 Cheque 30 Standing order 1,535 11,330 220 11,110 31 Mohd Azee : Trader's Credit 450 11,560 31 Bank charges 350 11,210 Required: a) Prepare the updated cashbook. b) Prepare the bank reconciliation statement as at 31 July 2020.

5. The bank columns in the cash book for July 2020 and the bank statement for that month for AAA Trading are as follows: Cash Book (Bank Account only) 2020 RM 2020 RM July 1 Balance b/d 11,895 July 6 Ah Chin 750 8 Ah Pek 790 13 Muthu 2,165 17 Veeta 465 17 Sari 440 29 Fasihah 1,535 30 Staff Club 285 31 Siew Ting 3,120 31 Balance c/d 14,165 17,805 17,805 Bank Statement Date Items Debit Credit Balance July 1 Balance b/d 8 Cheque 9 Ah Chin 17 Cheque 11,895 790 12,685 11,935 12,400 750 465 18 Muthu 2,165 440 10,235 19 Sari 9,795 29 Cheque 30 Standing order 1,535 11,330 220 11,110 31 Mohd Azee : Trader's Credit 450 11,560 31 Bank charges 350 11,210 Required: a) Prepare the updated cashbook. b) Prepare the bank reconciliation statement as at 31 July 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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B. Problem (please refer to the picture.)
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