Value of nemory of 31st December, 2011, has been correctly ascertained to be Allowance for receivables should be increased by GHZ,000 20.000 Require *) Pre the Statement of Profit and Loss for the year and December, 2016 (10 marks) (10 mark (Total 20 marks) Prepare the Samement of financial positions 31-December 2011 QUESTION 2 On 30 September, 2018, the Cash Book of OKAILEY interprise showed a debit balance of GH/780,000 The Bank Statement of the business at the same date showed a credit balance of GH565,000. On comparing the Cash Book with the bank statement, the following differences were found; 1 A cheque for GH2360,000 had been puid into the bank op 30 September but was not credited by the bank until the following day . Cheques totalling Cites90,000 had been drawn but not presented to the bank for payment Blank charges of GH145,000 was debited against the bank statement but did not appear in the Cash Book iv. Dividend of GHC480,000 collected and credited by the bank on behalf of Kumipreko Enterprise did not appear in the Cash Book. v. Payments understanding orders for an amount of GH 250,000 had been made but did not reflect in the Cash Book. vi. cheque received for GH4530,000 paid in was dishonoured, and marked Refer Drawer This was not captured by the Cash Book Required: a) Draw up an adjusted Cash Book (5 marks) b) Prepare Bank Reconciliation Statement as at 30 September, 2018 (5 marks) (Total 10 marks) Z