The proprietor of the ABC Flora has identified a possible cash theft in the month of January. He expects your support to find out any cash loss in the Month. • Balance as per Bank Statement is $ 10,000 • Balance as per cash book(Bank Account) is $22,200 • Reasons for the difference: • Bank charges deducted by the bank of $200 are not recorded in the bank account. • Customers direct depots to the bank account is $5,000 • Unrealized deposits = $7,200 • Un-presented cheques= $3,000 Do necessary changes in the bank (cash) account Prepare bank reconciliation statement for the month of March
The proprietor of the ABC Flora has identified a possible cash theft in the month of January. He expects your support to find out any cash loss in the Month. • Balance as per Bank Statement is $ 10,000 • Balance as per cash book(Bank Account) is $22,200 • Reasons for the difference: • Bank charges deducted by the bank of $200 are not recorded in the bank account. • Customers direct depots to the bank account is $5,000 • Unrealized deposits = $7,200 • Un-presented cheques= $3,000 Do necessary changes in the bank (cash) account Prepare bank reconciliation statement for the month of March
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The proprietor of the ABC Flora has identified a possible cash theft in the month of January. He expects your support to find out any cash loss in the Month.
• Balance as per Bank Statement is $ 10,000
• Balance as per
• Reasons for the difference:
• Bank charges deducted by the bank of $200 are not recorded in the bank account. • Customers direct depots to the bank account is $5,000
• Unrealized deposits = $7,200
• Un-presented cheques= $3,000
Do necessary changes in the bank (cash) account
Prepare
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education