Problems on Bank ReconciliationQ7 From the following particulars of Mr. Dawood, prepare bank reconciliation statement as on Jan 31, 2020.1. Bank balance as per cash book RO. 50,000.Cheques issued but not presented for payment RO. 6,000.The bank had directly collected dividend of RO. 8,000 and credited to bank account but was not entered in the cash book.Bank charges of RO. 400 were not entered in the cash book.A cheques for RO. 6,000 was deposited but not collected by the bank.

We have the following information: Bank balance as per cash book $50,000. Cheques issued but not…

Answered: 8,000 and credited to bank account but…

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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Problems on Bank Reconciliation

Q7 From the following particulars of Mr. Dawood, prepare bank reconciliation statement as on Jan 31, 2020.

1. Bank balance as per cash book RO. 50,000.
Cheques issued but not presented for payment RO. 6,000.
The bank had directly collected dividend of RO. 8,000 and credited to bank account but was not entered in the cash book.
Bank charges of RO. 400 were not entered in the cash book.
A cheques for RO. 6,000 was deposited but not collected by the bank.

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