Question
The balance in Cash /Bank account of M/S NCR Limited on December 31, 2021 is TK= 3600 after both the cash receipts and Cheque register
The balance in Cash /Bank account of M/S NCR Limited on December 31, 2021 is TK= 3600 after both the cash receipts and Cheque register for December had been posted. But the bank statement indicates a balance TK 40000 on December 31, 2021. Comparison of the bank statement reveals that the following entries are needed to be reconcile: 1. Total Cheque outstanding TK=20,000 2. A deposit of TK=20,000 receipts on December 31 but credited on January 05, 3. A Cheque for TK 25,000 drawn by Mr. Imam but charged by the bank to the account of NCR Limited. 4. A Cheque for TK =88,000 had been recorded in the Cheque register of M/S NCR Limited as TK= 44,000 5. The bank had collected for M/S NCR Limited TK 55,500 on a note left for collection. The face of the note was TK 50000 6. Bank service charges for December 2021 is TK 100 Required: Prepare bank reconciliation statement under adjusted cash book method.
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