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On 31st December 2010 ,the balances at bank as shown by the cash book was sh25370 where the bank statement showed  a credit balance at sh 25670.comparison at the cash book with the bank statement showed the following differences. a) cheques not presented for payment sh 12340 b) cheques  paid to the bank but not credited by bank sh 12160 C)items shown in the bank statement but not yet entered in cash bank    Bank charges.               Sh 240    Standing orders.            Sh 460    Dividends.                       Sh 820 Required a) adjust cash book  b) Bank reconciliation statement

On 31st December 2010 ,the balances at bank as shown by the cash book was sh25370 where the bank statement showed  a credit balance at sh 25670.comparison at the cash book with the bank statement showed the following differences. a) cheques not presented for payment sh 12340 b) cheques  paid to the bank but not credited by bank sh 12160 C)items shown in the bank statement but not yet entered in cash bank    Bank charges.               Sh 240    Standing orders.            Sh 460    Dividends.                       Sh 820 Required a) adjust cash book  b) Bank reconciliation statement

FINANCIAL ACCOUNTING
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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On 31st December 2010 ,the balances at bank as shown by the cash book was sh25370 where the bank statement showed  a credit balance at sh 25670.comparison at the cash book with the bank statement showed the following differences.

a) cheques not presented for payment sh 12340

b) cheques  paid to the bank but not credited by bank sh 12160

C)items shown in the bank statement but not yet entered in cash bank

   Bank charges.               Sh 240

   Standing orders.            Sh 460

   Dividends.                       Sh 820

Required

a) adjust cash book 

b) Bank reconciliation statement 

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