Question 2:Kay Rogan's Cash Book at 30th November 2020 showed an overdrawn positionof shs3,630 which did not match with her bank statement.examination of the two records revealed the following:Detailed(a) The debit side of the cash book had been undercast by shs300.(b) A cheque for shs1,560 in favour of Z Suppliers Ltd., had been omittedby the bank from its statement, the cheque having been debited toanother customer's account.(c) A lodgement of shs1080 on 30th November had not been credited bythe bank.(d) Interest amounting to shs228 had been debited by the bank but notentered in the cash book.Required:Reconcile the balance of the cash book and bank statement to thecorrected bank balance.Reconcile the cash book balance to the balance of the bank.

Cash Book:- Cash book refers to the subsidiary book which shows complete cash and bank receipts and…

Answered: overdrawn position atement. Detailed by…

overdrawn position atement. Detailed by shs300. had been omitted ing been debited to not been credited by by the bank but not ank statement to the of the bank.

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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