Question
Compile a bank reconciliation statement for the month of April 2023 based on the information below assuming no other reconciling items except the ones mentioned.
Compile a bank reconciliation statement for the month of April 2023 based on the information below assuming no other reconciling items except the ones mentioned. In other words, if transactions below are properly reflected, the bank reconciliation statement will balance.
a) Balance per bank statement on 30th April 2023 is $120 000(positive)
b) Deposit of $10000 not reflecting on bank statement but processed in cash book.
c) Inward remittance into bank of $50 000 from a donor was received by bank on 27 April but was not recorded in the accounting system in the same month.
d) A payment of $6 000 on 15 April to Automart limited was processed twice in the cash book in error and had not been corrected at the time of closing the books. Payment went through the bank in the same month.
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