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The following extract from the cash book of John for the month of January shows the company’s bank transactions: Detail 1 MYR Detail 2 MYR 01 Jan Balance b/f 600 18 Jan Ali  145 13 Jan Uno  224 28 Jan PBA  72 31 Jan Latif 186 30 Jan TNB 109     31 Jan Balance c/f 684 Total 1010 Total 1010   The company’s bank statement for the same period is as follows: Date Details Debit (MYR) Credit (MYR) Balance (MYR) 1-Jan  Balance     635 3-Jan Halim 35   600 13-Jan  Uno   224 824 23-Jan Ali 145   679 31-Jan Standing Order 30   649 Required: a. Prepare a corrected cash book using the information given above. b. Draw up a bank reconciliation statement.

The following extract from the cash book of John for the month of January shows the company’s bank transactions: Detail 1 MYR Detail 2 MYR 01 Jan Balance b/f 600 18 Jan Ali  145 13 Jan Uno  224 28 Jan PBA  72 31 Jan Latif 186 30 Jan TNB 109     31 Jan Balance c/f 684 Total 1010 Total 1010   The company’s bank statement for the same period is as follows: Date Details Debit (MYR) Credit (MYR) Balance (MYR) 1-Jan  Balance     635 3-Jan Halim 35   600 13-Jan  Uno   224 824 23-Jan Ali 145   679 31-Jan Standing Order 30   649 Required: a. Prepare a corrected cash book using the information given above. b. Draw up a bank reconciliation statement.

FINANCIAL ACCOUNTING
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 following extract from the cash book of John for the month of January shows the company’s bank transactions:

Detail 1 MYR Detail 2 MYR
01 Jan Balance b/f 600 18 Jan Ali  145
13 Jan Uno  224 28 Jan PBA  72
31 Jan Latif 186 30 Jan TNB 109
    31 Jan Balance c/f 684
Total 1010 Total 1010

 

The company’s bank statement for the same period is as follows:

Date Details Debit (MYR) Credit (MYR) Balance (MYR)
1-Jan  Balance     635
3-Jan Halim 35   600
13-Jan  Uno   224 824
23-Jan Ali 145   679
31-Jan Standing Order 30   649

Required:

a. Prepare a corrected cash book using the information given above.

b. Draw up a bank reconciliation statement.

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