The following are transactions that have been e... - SS2 Accounting Bank Reconciliation Statement: Preparation of Adjusted Cash Book Question
The following are transactions that have been entered into a bank statement for FUNTECH Ltd. for July 2022, with debit and credit columns:
|
Date |
Particulars |
Withdrawals (₦) |
Deposits (₦) |
|
July 1 |
Beginning Balance |
500000 |
|
|
July 3 |
Deposit of customer cheque |
100000 |
|
|
July 7 |
Purchase of office supplies from XYZ Ltd. |
15000 |
|
|
July 10 |
Transfer to supplier ABC Ltd. |
50000. |
|
|
July 15 |
Interest earned on fixed deposit |
3000 |
|
|
July 18 |
Payment of electricity bill |
12000 |
|
|
July 20 |
Withdrawal by check |
30000 |
|
|
July 25 |
Bank charges |
500 |
|
|
July 27 |
Receipt of customer payment |
70000 |
|
|
July 30 |
End-of-Month Balance |
516500 |
Answer:
Bank Reconciliation Statement
For FUNTECH LTD. For July 2021
|
Particulars |
Debit (₦) |
Credit (₦) |
|
Balance as per bank statement Add: Deposit not credited Less: Cheque from Customer A Less: Cheque from Customer C Less: Direct debit for rent Less: Bank charges Add: Credit from Supplier B Less: EFT payment to Supplier D Less: Cheque to Supplier F Adjusted bank balance Add: Outstanding cheques Less: Unpresented credits Adjusted cash balance Book Balance |
88000 40000 25000 30000 3000 50000 70000 115000 203000 |
100000 150000 195000 50000 195000 |
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