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 |
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