2. ScottScott's bank reconciliation statement as of 31 December 2022 is being prepared. Thefollowing information is available.I. The cash book shows a balance of RM2,127II. Bank charges of RM2,340 have not been entered in the cash bookIII. The bank statement shows a balance of RM200 DrIV. Unpresented cheques amount to RM1,250V. A direct debit of RM250 has not been recorded in the ledger accountsVI. A bank error has resulted in a cheque of RM97 being debited to Scott's accountinstead of Sue's account.VII.Cheques received but not yet banked amounted to RM890.a. Update the cash book for December.b. Prepare a bank reconciliation statement at 31 December. 1. Ryder Sdn BhdThe following is the trial balance of Ryder Sdn Bhd at 31 December 2022.DrRevenuePurchasesAdministration expensesDistribution expensesMotor vehicleMotor vehicle - Accumulated depreciationInventory - 1 January 2022Trade receivablesAllowance for receivables - 1 January 2022BankEquity share capitalRetained earnings - 1 January 2022Trade payables9% Loan - repayable 1 January 2026RM144,000112,00044,800120,00026,40028,8004,000480,000Additional information:i) The current year tax charge has been estimated at RM2,000ii) It has been determined that trade receivable of RM500 are irrecoverable.CrRequired:For Ryder Sdn Bhd, prepare the followings:(1)Statement of profit or loss for the year ended 31 December 2022.(1) Statement of financial position as at 31 December 2022.Remark: Round your answer to zero decimal places.RM360.00024.0002,0008,00020.40025.60040,000480.000ii) It was decided that the allowance for receivables should be increased by RM300iv) The loan was taken out on 1 September 2022 and no interest has been accruedv) The closing inventory is RM18,000.vi) Prepaid administration expenses amount to RM3,000 and accrued administrationexpenses amount to RM5,000vii) Motor vehicle is to be depreciated at 20% per annum

A Bank Reconciliation Statement (BRS) is a statement which helps you compare the balance in your…

I. The cash book shows a balance of RM2, 127 II. Bank charges of RM2,340 have not been entered in the cash book III. The bank statement shows a balance of RM200 Dr IV. Unpresented cheques amount to RM1,250 V. A direct debit of RM250 has not been recorded in the ledger accounts VI. A bank error has resulted in a cheque of RM97 being debited to Scott's account instead of Sue's account. VII. Cheques received but not yet banked amounted to RM890. a. Update the cash book for December. b. Prepare a bank reconciliation statement at 31 December.

I. The cash book shows a balance of RM2, 127 II. Bank charges of RM2,340 have not been entered in the cash book III. The bank statement shows a balance of RM200 Dr IV. Unpresented cheques amount to RM1,250 V. A direct debit of RM250 has not been recorded in the ledger accounts VI. A bank error has resulted in a cheque of RM97 being debited to Scott's account instead of Sue's account. VII. Cheques received but not yet banked amounted to RM890. a. Update the cash book for December. b. Prepare a bank reconciliation statement at 31 December.

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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