On 4 April 2020 Kofi Mensah's received his bank statements for the month ended 31 March 2020. The bank statement showed a balance of GH450,000 (overdraft) as at 31 March whilst the cash book showed a balance of GH1,660,000 (debit) as at that date. Upon examination of the cash book and the bank statement the following were discovered: Bank charges of GH184,000 had not been recorded in the cash book. The debit side of the cash account had been undercast by GH200,000 The total on the receipts side of the cash account of GH 2,475,000 had been forward as GH 4,275,000. A cheque received by Mensah for GH 220,000 had bounced. Bank charges of GH 184,000 had been omitted from the cash account. Unpresented cheques totalled GH520,000 and uncleared lodgement GH626,000 Required: i) Prepare the adjusted cash book for the month of March 2020. (8 marks) ii) Prepare a statement on 31 March 2020 reconciling the adjusted cash book with the bank statement balance. (6 marks) iii) Explain TWO (2) reasons for preparing bank reconciliation on regular basis. (2 marks) b) A petty cash book is created to facilitate small payments in a business or organisation. It is meant to meet the day to day expenses and it is entrusted into the hands of the petty cashier. Required: Prepare a brief note to Kofi Mensah explaining how the petty cash book operates.(4 marks)