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The following is the cashbook and bank statement of K Louw, a sole proprietor for the month of April 2016. K Louw Cash Book for
The following is the cashbook and bank statement of K Louw, a sole proprietor for the month of April 2016. K Louw Cash Book for April 2016 Voucher Folio Amount Folio Amount Cheq no Date Details noDate Details 1 BalanceA 320 42 Purchases 170 180| 15 P Kriel 6 Sales 14016 24 | Bills receivable! | 160 171 13|Furniture 13 Furniture 150 Pienar G 40 18 24 K Abrie 103 19 32 R11 29 4 31 Sales Water & ElecL 41 483 Total Bank statement for April 2016 Debit CreditBalance N$ Date Details NS N$ 2016 ril 320 1 Balance 180 500 6 Deposit 12 Cheque no 14 Cheque no 16 170 330 300 410 710 14 Deposit Service fees 20 Debit order 705 595 110 554 41 Cheque no19 714 160 24 Deposit 414 300 Cheque no 166 400 814 29 Deposit 130944 30 Deposit Additional information: 1. According to the duplicate slips, the deposit made on 14 April 2016 was for N$140 and on 29 April 2016, for N$400. 2. The deposit of N$130 made on 30 April 2016 was made directly into K Louw's account by B.Smit, a receivable. 3. The debit order was signed by K Louw for monthly insurance premiums. Question 2 (Continued) 4. Cheque no 166 was drawn by G Louw, but mistakenly debited against K Louw's account by the bank. K Louw is not registered for VAT purposes. 5. Required: a) Prepare an updated cash book, for the month ended 30 April 2016, starting with the totals for this month (april). b) Prepare a bank reconciliation statement for the period ended 30 April 2016 (10 Marks) (10 Marks)
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