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1. Describe the procedures for the reconciling the Bank account with the Bank Statement (8 Marks) 2. Victor Ndaumbwa restaurant and Breakfast in Oshakati do

1. Describe the procedures for the reconciling the Bank account with the Bank Statement (8 Marks) 2. Victor Ndaumbwa restaurant and Breakfast in Oshakati do their bank reconciliations preparation every month. The following information is from their cash and bank statement: You are required to: (a) Update the cash book as at 31 January 2016. (b) Prepare bank reconciliation statement as at 31 January 2016. (6 Marks) (c) What is the purpose of bank reconciliation statement? (7 Marks) (4 Marks)

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