The cash book and bank statement for the month of September 2020 are given below: Cash Book (Bank Column) Sept. GH¢’000 Sept. GH¢’000 1 Balance b/d 2,160 1 Wages and Salaries 1,400 4 King 130 6 Kofi 380 7 Cash 220 11 Bukari 500 12 Jacky 800 15 Akpa 350 17 Cash 180 17 Okoro 170 22 Cash 120 30 Kufo 100 28 Bito 70 31 Balance c/d 980 31 Bose 200 3,880 3,880 Oct. 1 Bal. b/f 980 Bank Statement Date Sept. Particulars Debit GH¢’000 Credit GH¢’000 Balance GH¢’000 1 Balance 2160 1 Cash 1400 760 4 Cheque-king 130 890 6 Cheque-Kofi 380 510 7 Cash 220 730 11 Cash – bukari 500 230 12 Cash- jacky 800 1030 17 Cash 180 1210 17 Cash- okoro 170 1040 22 Cash 120 1160 28 Cash- bito 70 1230 29 Cheque-dishoured- bito 70 1160 30 Cash- kufo 100 1060 30 Bisi co ltd: dividend 250 1310 31 Bank charges 50 1260 You are required to prepare: (i) Adjusted Cash Book. (ii) Bank Reconciliation Statement as at 30th September, 2020.

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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The cash book and bank statement for the month of September 2020 are given below:

Cash Book (Bank Column)

Sept.		GH¢’000		Sept.	GH¢’000
1	Balance b/d	2,160	1	Wages and Salaries	1,400
4	King	130	6	Kofi	380
7	Cash	220	11	Bukari	500
12	Jacky	800	15	Akpa	350
17	Cash	180	17	Okoro	170
22	Cash	120	30	Kufo	100
28	Bito	70	31	Balance c/d	980
31	Bose	200
		3,880			3,880

Oct. 1 Bal. b/f 980

Bank Statement

Date Sept.	Particulars	Debit GH¢’000	Credit GH¢’000	Balance GH¢’000
1	Balance			2160
1	Cash	1400		760
4	Cheque-king		130	890
6	Cheque-Kofi	380		510
7	Cash		220	730
11	Cash – bukari	500		230
12	Cash- jacky		800	1030
17	Cash		180	1210
17	Cash- okoro	170		1040
22	Cash		120	1160
28	Cash- bito		70	1230
29	Cheque-dishoured- bito	70		1160
30	Cash- kufo	100		1060
30	Bisi co ltd: dividend		250	1310
31	Bank charges	50		1260

You are required to prepare:

(i) Adjusted Cash Book.

(ii) Bank Reconciliation Statement as at 30th September, 2020.

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