Question 3

The following is a summary of the cash book of Glow Sdn Bhd for May 2019:

Cash book(Bank column)
	RM		RM
Balance b/d	5,628	Payments	62,080
Receipts	60,292	Balance c/d	3840
	65,920		65,920

Upon investigation, the following were discovered:

1. A cheque drawn for RM188 has been entered in error as a receipt in the cash book
2. Bank charges of RM140 shown on the bank statement have not been entered in the cash book.
3. A cheque for RM72 has been returned by the bank marked refer to drawer, but it has not been written back in the cash book.
4. An error has occurred in the opening balance in the cash book where the opening balance should have been carried down as RM5,880.
5. Three cheques paid to suppliers for RM856, RM1,480 and RM120 have not yet been presented to the bank.
6. The last page of the paying in book shows a deposit of RM6,168 that has not yet been credited by the bank.

Required:

1. Show the adjustments that should be made in the cash book.

(6 marks)

2. Prepare a bank reconciliation statement at 31 May 2019.

(6 marks)

(Total:12 Marks)

Question 3 The following is a summary of the cash book of Glow Sdn Bhd for May 2019: 1 RM Casti book(Bank solume) RM Balance bid 5.628 Payments Receipts 60.292 Balance od 65,920 62,080 3840 65,920 Upon investigation, the following were discovered: i. A cheque drawn for RM188 has been entered in error as a receipt in the cash book ii. Bank charges of RM140 shown on the bank statement have not been entered in the cash book. A chaque for RM72 has been returned by the bank marked 'refer lo drawer, but it has not been written back in the cash book. An error has occurred in the opening balance in the cash book where the opening balance should have been carried down as RM5.880. Three cheques paid to suppliers for RM856, RM1.480 and RM120 have not yet been presented to the bank. vi. The last page of the paying in book shows a deposit of RM6,168 that has not yet been credited by the bank. Required: a) Show the adjustments that should be made in the cash book merks) b) Prepare a bank reconciliation statement at 31 May 2019. marks) (Total:12 Marks)