1.3 and 1.4 please 20:12ul ?A dishonoured cheque for R1 750, orginally received from a debtor, Neo Nape.The cheque was marked insuficient funds.Cheque No. 766 appeared in the Cashbook payments as R5 780 and on the BankStatement as R7 580. After an investigation, it was revealed that the amount on theBank Statement was correct. This cheque had been issued for Stationery purchased on18 February 2019.6.A deposit of R17 500 appeared on the Bank Statement but not in the Cashbook receipts.An investigation revealed that the deposit was intended for Pisces Fish & Chips Marketand not Pisces Fisheries.7.The following entries appeared in the cashbooks but not on the Bank Statement:A deposit of R36 500 made by Pisces Fisheries on 27 February 2019;Cheque No. 821 for R7 460 issued to TopNotch Fisheries as part payment of theiraccount;Cheque No. 829 for R3 600 isued to The Ad Agency in payment of anadvertisement placed in a local magazine.8.On 28 February 2019 the Bank Statement revealed a credit balance of R53 439.Required:Q.1.1Record any differences, identified in the bank reconciliation process in theCashbook receipts and Cashbook payments and total the cashbooks at the month-end.Q.1.2Open, post to and balance the bank account in the general ledger.Q.1.3Compile the bank reconciliation statement as at 28 February 2019.Q.1.4"Electronic banking makes it possible for businesses to control their cash flow atthe click of a button.' In your opinion, what are the advantages electronic bankingaffords a business entity?Add a caption...> Status (Custom) The following information has been taken from the books of Pisces Fisheries on 28 February 2019.Pisces Fisheries supplies upmarket resturants with fresh seafood and is not registered as a VATVendor:The following bank reconciliation statement was drawn up on 31 January 2019:Favourable bank balance as per Bank StatementR32 440Outstanding deposit19 000Outstanding cheques:No. 4002 450No. 7657 560No. 7674 560Balance as per Bank Account????A comparison of the cashbooks for February 2019, the above bank reconciliation statement andthe Bank Statement for February 2019, show the following:1.The provisional totals of the cashbooks on 28 February 2019 were are follows:Cashbook receiptsR291 000Cashbook paymentsR244 0002.The following items that were included on the January bank reconciliation appearedrespectively on the 2nd and 10th February on the Bank Statement:Deposit R19 000 and Cheque 7673.Cheque No. 400 was issued to an old age home as a donation on 16 August 2018.4.The following entries appeared on the Bank Statement but not in the cashbooks:A debit order in favour of ABC Insurers, R6 000 being the owner's privateinsurance premium;Two stop orders in favour of TooTrue Rental Agency for R12 000 as rent of thepremises, and WideArea Network for R18 000 as cell phone charges.The following charges: commission on cheques, service fees and cash handlingfees of R120, R250 and R55 respectively;Interest received on current banking account, R74;A debtor, Adrian Appleberry, deposited R7 400 directly into the current bankingaccount to settle his debt of R7 650.

Bank Reconciliation Statement The purpose of preparing the bank reconciliation statement is to know…

Q.1.2 Open, post to and balance the bank account in the general ledger. Q.1.3 Compile the bank reconciliation statement as at 28 February 2019. Q.1.4 Electronic banking makes it possible for businesses to control their cash flow at the click of a button. In your opinion, what are the advantages electronic banking affords a business entity?