F #1 Chapter 30. Bank reconciliation statements 333 (c) Briefly explain why it is necessary to prepare bank reconciliation statements at accounting year ends. (Association of Accounting Technicians) 30.7 The bank statement for G Greene for the month of March 20x6 is: March 20x61c loutro ] 20x6 Dr cr Balance E Mar 1 Balance 5,197 O/D 8 L Tulloch 122 5,319 O/D 16 Cheque 244 5,075 O/D 20 A Bennett 208 5,283 O/D 21 Cheque 333 4,950 O/D 31 M Turnbull: trader's credit 57 4,893 O/D 31 BKS: standing order 49 4,942 O/D 31 Bank charges 28 4,970 O/D The cash book for March 20x6 is: 20X6 Dr 20X6 cr Mar 16 N Marsh 244 Mar 1 Balance b/d 5,197 21 K Alexander 333 6 L Tulloch 122 31 U Sinclair 160 30 A Bennett 208 31 Balance cld 5,280 30 J Shaw 490 FOOD 6,017 6,017 You are to: (a) Write the cash book up to date, and (b) Draw up a bank reconciliation statement as on 31 March 20x6. *+ ++ ++