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.
Definition Definition Document prepared to identify any discrepancies between the passbook, which logs bank transactions, and the cash book, where a business tracks its own cash and bank transactions, so that corrective measures may be taken to reconcile the differences.
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