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Question 2 ( Marks: 3 5 ) Cliff Tools is an online business selling D - I - Y products to the public. The bookkeeper
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Cliff Tools is an online business selling DIY products to the public. The bookkeeper left the business in May The new bookkeeper, Mrs Naidoo, started on July The June reconciliation was prepared by Miss Baines, the Social Media manager, who did accounting at school a while ago.
Q Mrs Naidoo is now preparing the July bank reconciliation and reviewed the June reconciliation. She noted that some of the reconciling items on the reconciliation did not appear to be correct. For example, the outstanding deposit DS # was deposited on June but was recorded incorrectly as R instead of R in the cash book receipts.
tableBANK RECONCILIATION STATEMENT FOR JUNE RBalance per bank statement overdraftItems in cash journals not on bank statement:,Outstanding deposits: DS #Outstanding deposit: DS#Outstanding payments: EFT EDDtableStop order: Santam Insurance on bank statement but notin cash book payments journal
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