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QUESTION 1 During the interview session at XYZ Sdn Bhd for the post of an Accountant, you were asked to do a bank reconciliation. Given
QUESTION 1 During the interview session at XYZ Sdn Bhd for the post of an Accountant, you were asked to do a bank reconciliation. Given below is the information for 31 October 2019 to help you prepare the statement: (a) The 31 October bank statement indicated a balance of RM19,220. (6) Outstanding checks totaled RM4,834. (c) An RM1000 check mailed to the bank for the deposit had not reached the bank at the statement date. (a) The bank returned a customer's Non-Sufficient Fund (NSF) check for RM1450 received as payment on account receivable. (e) The bank statement showed an RM1600 interest earned during October. (1) Check No. 1806 for supplies expense was cleared by the bank for RM536 but was erroneously recorded in the book as RM365. (g) An RM972 deposit was erroneously credited to the company account by the bank. (h) The cash general ledger account on that date shows a balance of RM14,435. REQUIRED: (a) Prepare the bank reconciliation statement for 31 October 2019.
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