Required:[Dikehendaki:]a) Prepare the updated cashbook.[Sediakan buku tunai dikemaskini.]b) Prepare the bank reconciliation statement as at 31 December 2020.[Sediakan penyata penyesuaian bank pada 31 Disember 2020.] The following are the cash book and bank statement of DRS Enterprise for the month ofDecember 2020:[Berikut adalah buku tunai dan penyata bank DRS Enterprise bagi bulan Disember 2020.]Cash Book (Bank Account only)2020RM2020RMDec 1 Balance b/d460 Dec 4 Cheque no. 40010 Ruby2,0003 Cash6 Cheque no. 40011 Zain8 Cheque no., 40012 Harris10 Cheque no., 40013 Wong15 Cheque no. 40014 Daud21 Cheque no. 40015 Lim2,6001,7008 Lim1,60068014 Mat1,81676018 Jay and Kay9001,60024 Bidin1,1202,30031 Balance c/d5449,0409,040Jan 1Balance b/d544Bank StatementDateChequeTransactionDebitCreditBalanceNo.CodeDec 1Balance b/f460 CreditCH2,6003,860 Credit6.SO1,0602,800 Credit400102,000800 CreditCQ1,6002,400 Credit11400137601,640 Credit12400111,70060 Debit14СТ2,4002,340 Credit18CT1,9004,240 Credit19CQ1,8056,045 Credit20SO2,7003,345 Credit23СВ3,337 Credit27400161,2002,137 Credit29400152,300163 Debit31ВС681,031 Debit....8/-SULITSULIT(BFT106)-8-Transaction CodesCB ChequebookBC Bank ChargeCHCashSOStanding OrderCQChequeCTCredit Transfer

Answered: Required: [Dikehendaki:] a) Prepare the…

Required: [Dikehendaki:] a) Prepare the updated cashbook. [Sediakan buku tunai dikemaskini.] h) Prenare the bank reconciliation

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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Concept explainers

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.

Question

Required:
[Dikehendaki:]
a) Prepare the updated cashbook.
[Sediakan buku tunai dikemaskini.]
b) Prepare the bank reconciliation statement as at 31 December 2020.
[Sediakan penyata penyesuaian bank pada 31 Disember 2020.]

The following are the cash book and bank statement of DRS Enterprise for the month of
December 2020:
[Berikut adalah buku tunai dan penyata bank DRS Enterprise bagi bulan Disember 2020.]
Cash Book (Bank Account only)
2020
RM
2020
RM
Dec 1 Balance b/d
460 Dec 4 Cheque no. 40010 Ruby
2,000
3 Cash
6 Cheque no. 40011 Zain
8 Cheque no., 40012 Harris
10 Cheque no., 40013 Wong
15 Cheque no. 40014 Daud
21 Cheque no. 40015 Lim
2,600
1,700
8 Lim
1,600
680
14 Mat
1,816
760
18 Jay and Kay
900
1,600
24 Bidin
1,120
2,300
31 Balance c/d
544
9,040
9,040
Jan 1
Balance b/d
544
Bank Statement
Date
Cheque
Transaction
Debit
Credit
Balance
No.
Code
Dec 1
Balance b/f
460 Credit
CH
2,600
3,860 Credit
6.
SO
1,060
2,800 Credit
40010
2,000
800 Credit
CQ
1,600
2,400 Credit
11
40013
760
1,640 Credit
12
40011
1,700
60 Debit
14
СТ
2,400
2,340 Credit
18
CT
1,900
4,240 Credit
19
CQ
1,805
6,045 Credit
20
SO
2,700
3,345 Credit
23
СВ
3,337 Credit
27
40016
1,200
2,137 Credit
29
40015
2,300
163 Debit
31
ВС
68
1,031 Debit
....8/-
SULIT
SULIT
(BFT106)
-8-
Transaction Codes
CB Chequebook
BC Bank Charge
CH
Cash
SO
Standing Order
CQ
Cheque
CT
Credit Transfer

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