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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
10,235
19 Sari
440
9,795
29 Cheque
30 Standing order
31 Mohd Azee : Trader's Credit
31 Bank charges
1,535
11,330
220
11,110
450
11,560
350
11,210
Required:
a) Prepare the updated cashbook.
b) Prepare the bank reconciliation statement as at 31 July 2020.
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