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: The bank statement for Victor Ndaumbwa for the month of March 2018 Bank statement Dr N$ Cr Balance N$ N$ 2018 Mar. 1 Balance b/f 1,500.00 1,500.00 5 Sundry credits 600.00 2,100.00 Cheque (862) 400.00 1,700.00 11 Cheque (864) 300.00 1,400.00 12 Sundry credits 400.00 1,800.00 20 Cheque (866) 150.00 1,650.00 Cheque (863) 600.00 1,050.00 31 Cheque (867) 50.00 999.50 Commission 0.50 Dr Cash Book of Victor Ndaumbwa restaurant and Breakfast 2018 Mar Cr 1 Balance b/d 5 Transfer 12 Transfer 31 Transfer 1,500.00 3 L Dark (862) 400.00 600.00 6 B Light (863) 600.00 400.00 10 S.Grit (864) 300.00 1,000.00 15 D Carburettor (865) 250.00 20 M Monkhouse (866) 150.00 30 Stationery (867) 50.00 31 Rent (868) 100.00 XXXX 31 Balance c/f 1,650 3,100 3, 100 1April Balance b/f 1,650 You are required to: (a) Update the cash book as at 31 January 2016. (b) Prepare bank reconciliation statement as at 31 January 2016. (c) What is the purpose of bank reconciliation statement? (6 Marks) (7 Marks) (4 Marks) [Total 25 Marks]