Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABC Company Bank Reconciliation 30 November 2015 Cash balance according to bank statement RM5,620 Add: Bank error 150 5,770 Deduct: Insufficient fund check 860 Cash

ABC Company

Bank Reconciliation

30 November 2015

Cash balance according to bank statement

RM5,620

Add: Bank error

150

5,770

Deduct:

Insufficient fund check

860

Cash deposit not appear in bank statement

1,280

2,140

Adjusted balance

3,630

Cash balance according to companys records:

RM6,200

Deduct:

Companys check not yet cleared

1,430

Bank service charges

20

1,450

Adjusted balance

4,750

Question

1. Prepare a corrected bank reconciliation statement. (Note: Cash balance and book balance figures are correct).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Robert Libby, Patricia Libby, Frank Hodge

11th Edition

1264229739, 9781264229734

More Books

Students also viewed these Accounting questions