Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 From the following particulars, you are required to find out the errors in cash book and bank statement by using missing method and

image text in transcribed

Question 2 From the following particulars, you are required to find out the errors in cash book and bank statement by using missing method and prepare Bank Reconciliation Statement as on 31 December 2019, for Selena Enterprise: No. Transactions 1. 2. Amount (RM) 17,000 2.200 2.300 500 4. 5. 3,400 Bank Overdraft as per Bank Statement Cheque issued but not encashed during the December Dividends on shares collected by banker Interest charged by the bank recorded twice in the Cash Book Cheque deposited as per Bank Statement not entered in Cash Book Credit side of the Bank column in Cash Book cast short Interest dues paid by bank as per standing instruction not recorded in Cash Book Uncredited cheque due to outstation 6. 1.000 1,200 7. 8. 3.900 [15 marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Cases An Interactive Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

6th edition

133852105, 978-0133852103

More Books

Students also viewed these Accounting questions