Prepare the bank reconciliation statement, Cost Accounting

As the Junior Bank Clerk of a business, one of your monthly tasks is to prepare the bank reconciliation statement.

At the month ending 31 January 2012, the bank statement has been compared with the cash book and the following differences identified:

1.  A BACS receipt of £1,600 from a customer has not been entered in the cash book.

2.  A cheque for £458 has been incorrectly entered in the cash book as £485.

3.  Cheques totalling £900 paid into the bank at the end of the month are not showing on the bank statement.

4.  Bank interest received of £25 was not entered in the cash book.

The balance showing on the bank statement is a credit of £2,600 and the balance in the cash book is a debit of £1,848.

Posted Date: 2/16/2013 3:02:10 AM | Location : United States







Related Discussions:- Prepare the bank reconciliation statement, Assignment Help, Ask Question on Prepare the bank reconciliation statement, Get Answer, Expert's Help, Prepare the bank reconciliation statement Discussions

Write discussion on Prepare the bank reconciliation statement
Your posts are moderated
Related Questions
Assume that $140,000 of Denham Springs school dostrict 8% bonds are sold on the bond issue date for $128,598 interest is payable semiannually, and the bonds mature in 15 years. The

tHE FIRST SECTION ASSIGEMTN ANSWER FOR HAMPSHIR COMPANY DECISIONS


Assets                                               2011                                                                        2010 Non Current Assets

Capital Expenditure Budget This represents the expenditure on all fixed assets throughout the budget period.  Addition intended to profit future accounting periods, or expend

Judy's mother, Sarah, died on July 2, 2006, leaving Judy her entire estate. Included in the estate was Sarah's residence (325 Oak Street, Cincinnati, OH 45211). Sarah's basis in th

Beaver Company (a multi-product firm) produces 5,000 units of Product X each year. Each unit of Product X sells for $8 and has a contribution margin of $5. If Product X is disconti

Q. What was the amount of cash a firm collected from its customers, given the following fact set? The firm's balance sheets at the beginning and end of the year show gross accou

Describe the information about cost sheets? Ans) Cost sheet having of the direct and indirect expenses acquired in producing a given product and classifying the expenses acquire

sales to profit volume ratio for three year