Cash book (Bank column only) – July 2022Date 2022DetailsAmount N($)Date 2022DetailsAmount N($)Jul 1Balance b/d5 190Jul 6Martin155Jul 16Silas285Jul 30Fudi325Jul 21Malala390Jul 30Erik585Jul 31Bob195Jul 31Balance c/d4 995 6 060 6 060Bank Statement for July 2022Date 2022DetailsWithdrawals N($)Deposits N($)Jul 1Balance b/d 5 190Jul 8Martin155 Jul 16Silas 285Jul 21Malala 390Jul 31Dodo 180Jul 31Bank charges285 Jul 31Standing order65 Jul 31Direct debit60 Prepare updated cash book for 31 July 2022Prepare a bank reconciliation for 31 July 2022

The bank reconciliation statement is prepared to equate the balances of cash book and pass book with…

Answered: Cash book (Bank column only) – July…

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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Cash book (Bank column only) – July 2022

Date 2022	Details	Amount N($)	Date 2022	Details	Amount N($)
Jul 1	Balance b/d	5 190	Jul 6	Martin	155
Jul 16	Silas	285	Jul 30	Fudi	325
Jul 21	Malala	390	Jul 30	Erik	585
Jul 31	Bob	195	Jul 31	Balance c/d	4 995
		6 060			6 060

Bank Statement for July 2022

Date 2022	Details	Withdrawals N($)	Deposits N($)
Jul 1	Balance b/d		5 190
Jul 8	Martin	155
Jul 16	Silas		285
Jul 21	Malala		390
Jul 31	Dodo		180
Jul 31	Bank charges	285
Jul 31	Standing order	65
Jul 31	Direct debit	60

Prepare updated cash book for 31 July 2022
Prepare a bank reconciliation for 31 July 2022

Definition Definition Financial journal in which only cash-related transactions are recorded. Cash transactions are posted chronologically in the cash book, which is also called a subsidiary book. All the cash receipts are recorded on the debit side and all the cash payments are recorded on the credit side. An important point to remember is that the cash book never shows a credit balance; only a debit balance is shown in the cash book.

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