The bank column in the cash book for December 2020 and the bank statement for that month for King Trading are as follows: Cash Book (Bank Account only) 2020   RM 2020   RM   Dec 6   Peypei   230 Dec 1   Balance b/d   1,900 20 Ceria 265 10 Luna 304 31 Baiti 325 19 Wilson 261 31 Balance c/d 1,682 29 Cikmah 37     2,502     2,502               Bank Statement Date Items Debit Credit Balance Dec 1 Balance     1,900 6 Cheque   230 1,670 13 Luna 304   1,974 20 Cheque   265 1,709 22 Wilson 261   1,970 30 Tox : Standing Order 94   2,064 31 Rina : Trader’s Credit   102 1,962 31 Bank charges 72   2,034   Required: Prepare the updated cashbook

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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  1. The bank column in the cash book for December 2020 and the bank statement for that month for King Trading are as follows:

Cash Book (Bank Account only)

2020

 

RM

2020

 

RM

 

Dec 6

 

Peypei

 

230

Dec

1

 

Balance b/d

 

1,900

20

Ceria

265

10

Luna

304

31

Baiti

325

19

Wilson

261

31

Balance c/d

1,682

29

Cikmah

37

 

 

2,502

 

 

2,502

 

 

 

 

 

 

 

Bank Statement

Date

Items

Debit

Credit

Balance

Dec 1

Balance

 

 

1,900

6

Cheque

 

230

1,670

13

Luna

304

 

1,974

20

Cheque

 

265

1,709

22

Wilson

261

 

1,970

30

Tox : Standing Order

94

 

2,064

31

Rina : Trader’s Credit

 

102

1,962

31

Bank charges

72

 

2,034

 

Required:

  1. Prepare the updated cashbook
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