Bank Reconciliation Statement: Preparation of Adjusted Cash Book - SS2 Accounting Lesson Note
Question:
The following are transactions gathered from Ubong’s furniture for the month ended March 2023
|
Date |
Particulars
Debit (₦)
Credit (₦)
March 1
Cash in hand
10000
March 3
Purchases
4500
March 5
Sales
7800
March 8
Paid rent for the month
1500
March 11
Paid salaries
2500
March 15
Received payment from a debtor
3000
March 17
Purchases
6000
March 19
Sales
9000
March 21
Paid for repairs and maintenance
1000
March 25
Withdrawal for personal use
500
March 28
Received payment from a debtor
2500
March 31
Bank charges
200
Answer:
Adjusted cash book for Ubong’s furniture
For the month ended March 2023
|
Date |
Particulars
Folio
Bank (₦)
Cash (₦)
March 1
March 3
March 5
March 8
March 11
March 15
March 17
March 19
March 21
March 25
March 28
March 31
Adjustments
March 31
March 31
March 31
Cash in hand
Purchases
Sales
Paid rent for the month
Paid salaries
Received payment from a debtor
Purchases
Sales
Paid for repairs and maintenance
Withdrawal for personal use
Received payment from a debtor
Bank charges
Bank overdraft transferred to cash
Outstanding rent paid in cash
Outstanding salaries paid in cash
Total
10,000
500
(1,200)
(1,500)
(2,500)
8,30
4,500
7,800
1,500
2,500
3,000
6,000
9,000
1,000
2,500
(200)
1,200
29,500