The bank columns in the cash book for July 2020 and the bank statement for that month for AAA Trading are as follows: Cash Book (Bank Account only) 2020 RM 2020 RM July 1 Balance b/d 11,895 July 6 Ah Chin 750 8 Ah Pek 790 13 Muthu 2,165 17 Veeta 465 17 Sari 440 29 Fasihah 1,535 30 Staff Club 285 31 Siew Ting 3,120 31 Balance c/d 14,165 17,805 17,805 Bank Statement Date Items Debit Credit Balance July 1 Balance b/d 11,895 8 Cheque 790 12,685 9 Ah Chin 750 11,935 17 Cheque 465 12,400 18 Muthu 2,165 10,235 19 Sari 440 9,795 29 Cheque 1,535 11,330 30 Standing order 220 11,110 31 Mohd Azee : Trader’s Credit 450 11,560 31 Bank charges 350 11,210 Required: Prepare the updated cashbook Prepare the bank reconciliation statement as at 31 July 2020
The bank columns in the cash book for July 2020 and the bank statement for that month for AAA Trading are as follows: Cash Book (Bank Account only) 2020 RM 2020 RM July 1 Balance b/d 11,895 July 6 Ah Chin 750 8 Ah Pek 790 13 Muthu 2,165 17 Veeta 465 17 Sari 440 29 Fasihah 1,535 30 Staff Club 285 31 Siew Ting 3,120 31 Balance c/d 14,165 17,805 17,805 Bank Statement Date Items Debit Credit Balance July 1 Balance b/d 11,895 8 Cheque 790 12,685 9 Ah Chin 750 11,935 17 Cheque 465 12,400 18 Muthu 2,165 10,235 19 Sari 440 9,795 29 Cheque 1,535 11,330 30 Standing order 220 11,110 31 Mohd Azee : Trader’s Credit 450 11,560 31 Bank charges 350 11,210 Required: Prepare the updated cashbook Prepare the bank reconciliation statement as at 31 July 2020
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
- The bank columns in the
cash book for July 2020 and the bank statement for that month for AAA Trading are as follows:
Cash Book (Bank Account only)
|
2020 |
|
RM |
2020 |
|
RM |
|
July 1 |
Balance b/d |
11,895 |
July 6 |
Ah Chin |
750 |
|
8 |
Ah Pek |
790 |
13 |
Muthu |
2,165 |
|
17 |
Veeta |
465 |
17 |
Sari |
440 |
|
29 |
Fasihah |
1,535 |
30 |
Staff Club |
285 |
|
31 |
Siew Ting |
3,120 |
31 |
Balance c/d |
14,165 |
|
|
|
17,805 |
|
|
17,805 |
|
|
|
|
|
|
|
Bank Statement
|
Date |
Items |
Debit |
Credit |
Balance |
|
July 1 |
Balance b/d |
|
|
11,895 |
|
8 |
Cheque |
|
790 |
12,685 |
|
9 |
Ah Chin |
750 |
|
11,935 |
|
17 |
Cheque |
|
465 |
12,400 |
|
18 |
Muthu |
2,165 |
|
10,235 |
|
19 |
Sari |
440 |
|
9,795 |
|
29 |
Cheque |
|
1,535 |
11,330 |
|
30 |
Standing order |
220 |
|
11,110 |
|
31 |
Mohd Azee : Trader’s Credit |
|
450 |
11,560 |
|
31 |
Bank charges |
350 |
|
11,210 |
Required:
- Prepare the updated cashbook
- Prepare the
bank reconciliation statement as at 31 July 2020
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