GUILLEMOT LIMITED – BANK RECONCILIATIONSWhat items/information are required to prepare a bank reconciliation?What steps, in order of performance, should be followed to prepare a bank reconciliation?Prepare a bank reconciliation and bank control account in the standard format from thefollowing information:Balance per cash book at start of yearBalance per bank statement at end of yearBank charges and interest on bank statement not in CB£14,335£28,629£25Transposition error in cash bookReceipts in year per cash bookBounced cheque – cleared post y/eCheques in CB not on statementPayments in year per cash bookStanding orders on statement not in CBBounced cheque in year – returned to company post y/e as did not clearLodgements in cash book not on bank statement£189£205,714£524£11,747£200,119£426£200£3,110What additional information should be shown on the bank reconciliation, if available?

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GUILLEMOT LIMITED – BANK RECONCILIATIONS What items/information are required to prepare a bank reconciliation? What steps, in order of performance, should be followed to prepare a bank reconciliation? Prepare a bank reconciliation and bank control account in the standard format from the following information: Balance per cash book at start of year Balance per bank statement at end of year Bank charges and interest on bank statement not in CB Transposition error in cash book £14,335 £28,629 £25 £189 Receipts in vear ner cash hook

GUILLEMOT LIMITED – BANK RECONCILIATIONS What items/information are required to prepare a bank reconciliation? What steps, in order of performance, should be followed to prepare a bank reconciliation? Prepare a bank reconciliation and bank control account in the standard format from the following information: Balance per cash book at start of year Balance per bank statement at end of year Bank charges and interest on bank statement not in CB Transposition error in cash book £14,335 £28,629 £25 £189 Receipts in vear ner cash hook

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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