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Table 1 presents the information extracted from the accounting records and bank statement of GHI Limited (GHI) at 30 June 20X3. Table 1. The closing
Table 1 presents the information extracted from the accounting records and bank statement of GHI Limited (GHI) at 30 June 20X3.
Table 1. | |
The closing balance, as shown on the bank statement (Cr) | 1 575 |
Cash receipts of 30 June which were deposited on 30th June did not appear on the bank statement. | 792 |
Cheques recorded in the cash payments but not yet presented for payment to the bank. | 589 |
Required:
- Prepare the bank reconciliation statement at 30 June, 2010 disclosing the closing balance of cash at the bank.
ANSWER a:
- Assume the same data as above, but assume further that the closing balance of the bank account shown on the bank statement is $1 575 Dr., i.e., the bank account is overdrawn). Prepare the bank reconciliation statement at 30 June, 20X3 disclosing the closing balance of cash at the bank.
ANSWER b:
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