QUESTION 1 The following information is available to Gabuih Enterprise as of 31 December 2020: RM1.Balance as per book1,6502.Cheques deposited but was not stated in the bank statement3,5003.Cheques issued but not yet presented at the bank3,0004.Bank charges debited from Gabuih Enterprise account as in bank statement1005.Interest recorded in Bank Statement only1506.7.Direct payment by a customer into the bank but not recorded in the bookBalance as per bank statement2,6003,800 REQUIRED: Prepare a Bank Reconciliation Statement for Gabuih Enterprise

Bank Reconciliation statement is one of the statement which is prepared to reconcile cash balance as…

Answered: QUESTION 1 The following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Concept explainers

Question

QUESTION 1

The following information is available to Gabuih Enterprise as of 31 December 2020:

		RM
1.	Balance as per book	1,650
2.	Cheques deposited but was not stated in the bank statement	3,500
3.	Cheques issued but not yet presented at the bank	3,000
4.	Bank charges debited from Gabuih Enterprise account as in bank statement	100
5.	Interest recorded in Bank Statement only	150
6. 7.	Direct payment by a customer into the bank but not recorded in the book Balance as per bank statement	2,600 3,800

REQUIRED:

Prepare a Bank Reconciliation Statement for Gabuih Enterprise

Expert Solution

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions