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urgent Urgent please!! 4. The April 30 bank statement for Abdul Company showed a balance of Rs 18,480. On this date the cash account of
urgent Urgent please!!
4. The April 30 bank statement for Abdul Company showed a balance of Rs 18,480. On this date the cash account of the company's ledger was Rs 10,860. In accordance with the company's standing instruction, on April 23 the bank paid insurance premium of Rs 4,000 for the company's car. The bank allowed an interest of Rs 560 and received a direct deposit of Rs 4600 from a customer. A cheque of Rs 1300 deposited into the bank on 25th April was not credited by bank. Cheques issued for Rs 4760 were presented for payment only on May 5th . A cheque for Rs 3900 issued to a supplier was recorded in the company's records as Rs 6900. Required: a) Prepare a bank reconciliation statement for Abdul Company for April. b) Prepare necessary journal entriesStep by Step Solution
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