Part 6 - Checks and errors 24.6A in the draft accounts for the year ended 31 Octob var ended 31 October 2019 of Thomas P. Lee, gara proprietor, the balance at bank according to the cash book was 894.68 in hand. Subsequently the following discoveries were made: (1) Cheque number 176276 dated 3 September 2019 for 310.84 in favour of G. Lowe Limited ha been correctly recorded in the bank statement, but included in the cash book pavman ber 2019 2019 and tomber 2019 301.84. (2) Bank commission charged of 169.56 and bank interest charged of E109.10 have been entered in the bank statement on 23 October 2019, but not included in the cash book (3) The recently received bank statement shows that a cheque for 29.31 received from T. Androre and credited in the bank statements on 9 October 2019 has now been dishonoured and deb ited in the bank statement on 26 October 2019. The only entry in the cash book for this ches records its receipt on 8 October 2019. (4) Cheque number 177145 for 15.10 has been recorded twice as a credit in the cash book. (5) Amounts received in the last few days of October 2019 totalling 1,895.60 and recorded in the cash book have not been included in the bank statements until 2 November 2019. (6) Cheques paid according to the cash book during October 2019 and totalling 395.80 were not presented for payment to the bank until November 2019. (7) Traders' credits totalling 210.10 have been credited in the bank statement on 26 October 2019, but not yet recorded in the cash book. (8) A standing order payment of 15.00 on 17 October 2019 to Countryside Publications has been recorded in the bank statement but is not mentioned in the cash book. Required: (a) Prepare a computation of the balance at bank to be included in Thomas P. Lee's balance sheet as at 31 October 2019. (b) Prepare a bank reconciliation statement as at 31 October 2019 for Thomas P. Lee. (c) Briefly explain why it is necessary to prepare bank reconciliation statements at accounting yea ends. (Association of Accounting Technicians)