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 8 Ah Pek 790 17 Veeta 465 29 Fasihah 1,535 31 Siew Ting 3,120 17,805 July 6 Ah Chin 750 13 Muthu 2,165 17 Sari 440 30 Staff Club 285 31 Balance c/d 14,165 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(cr) 11,560 31 Bank charges 350 11,210 Required: a) Prepare the updated cashbook. b) 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 8 Ah Pek 790 17 Veeta 465 29 Fasihah 1,535 31 Siew Ting 3,120 17,805 |
July 6 Ah Chin 750 13 Muthu 2,165 17 Sari 440 30 Staff Club 285 31 Balance c/d 14,165 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(cr) 11,560 31 Bank charges 350 11,210 |
Required:
- a) Prepare the updated cashbook.
- b) Prepare the
bank reconciliation statement as at 31 July 2020.
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