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From the following particulars of Al Zahra LLC, prepare bank reconciliation statement as on Oct 31, 2020 a. Bank charges debited by Bank RO 2,500. b. Cheques issued but not presented for payment RO 10,125. c. Bank credited RO 2,000 for receiving interest through Electronic Clearing System. d. Cheques deposited into bank but credited on 15 Nov 2020 is RO 4,200. e. Bank balance as per passbook on 31 Oct is RO 55,250

From the following particulars of Al Zahra LLC, prepare bank reconciliation statement as on Oct 31, 2020 a. Bank charges debited by Bank RO 2,500. b. Cheques issued but not presented for payment RO 10,125. c. Bank credited RO 2,000 for receiving interest through Electronic Clearing System. d. Cheques deposited into bank but credited on 15 Nov 2020 is RO 4,200. e. Bank balance as per passbook on 31 Oct is RO 55,250

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 7EA: Using the following information, prepare a bank reconciliation. Bank balance: $3,678 Book balance:...
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From the following particulars of Al Zahra LLC, prepare bank reconciliation statement as on Oct 31, 2020 a. Bank charges debited by Bank RO 2,500. b. Cheques issued but not presented for payment RO 10,125. c. Bank credited RO 2,000 for receiving interest through Electronic Clearing System. d. Cheques deposited into bank but credited on 15 Nov 2020 is RO 4,200. e. Bank balance as per passbook on 31 Oct is RO 55,250
Transcribed Image Text:From the following particulars of Al Zahra LLC, prepare bank reconciliation statement as on Oct 31, 2020 a. Bank charges debited by Bank RO 2,500. b. Cheques issued but not presented for payment RO 10,125. c. Bank credited RO 2,000 for receiving interest through Electronic Clearing System. d. Cheques deposited into bank but credited on 15 Nov 2020 is RO 4,200. e. Bank balance as per passbook on 31 Oct is RO 55,250
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