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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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