The following extract from the cash book of Jon for the month of January shows the company’s bank transactions: RM RM 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 1,010 1,010 The company’s bank statement for the same period is as follows: Debit (RM) Credit (RM) Balance (RM) 01 Jan Balance 635 03 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
RM RM
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
1,010 1,010
The company’s bank statement for the same period is as follows:
Debit (RM) Credit (RM) Balance (RM)
01 Jan Balance 635 03 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
Step by step
Solved in 3 steps
