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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following extract from the
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
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