Reference no: EM132737267
At 30 September 2020, the Cash Book of Gollem Enterprise shows a debit balance of RM444. This balance, however, does not tally with the balance in the Bank Statement received.
After a detailed comparison between the Cash Book and Bank Statement, it is believed that the discrepancy is due to the following issues:
(1) A cheque worth RM789 issued to a creditor was recorded at the debit side of Cash Book. Also, the cheque was not shown in the Bank Statement received.
(2) In the Bank Statement, the banker has wrongly credited a cheque worth RM108 into the business's bank account.
(3) A direct deposit of RM188 appeared in the Bank Statement only.
(4) A cheque received from a debtor was recorded as RM202 instead of RM220 in the Bank Statement. Nevertheless, the cheque was correctly captured in the Cash Book.
Problem i) Formulate the Adjusted Cash Book as at 30 September 2020.
Problem ii) Formulate the Bank Reconciliation Statement as at 30 September 2020.
|
Find and make a journal related to the transaction
: January 1, 2021 and sold to third parties on January 15, 2021 for IDR 3.5 million per head, make a journal related to the transaction during 2021!
|
|
What would be Y adjusted net income for the year
: Assume that Y Inc. reported an after-tax net income of $20,000 in 2020, what would be Y's adjusted net income for the year
|
|
Regulations for these five health insurance plans
: What are the consequences of not following the rules and regulations for these five health insurance plans?
|
|
Critically evaluate the literature on audit expectation gap
: Critically evaluate the above statement with reference to the literature on audit expectation gap
|
|
Formulate the bank reconciliation statement as at september
: Formulate the Bank Reconciliation Statement as at 30 September 2020. At 30 September 2020, the Cash Book of Gollem Enterprise shows a debit balance
|
|
Discuss the impact on the financial statements
: Discuss the impact on the financial statements and of the audit of each issue, including an assessment of whether it is material
|
|
limitations of OSHA Voluntary Self-Audit Policy
: Briefly outline the purpose, scope, provisions and limitations of OSHA's Voluntary Self-Audit Policy.
|
|
Compute for the separate property of mr magalang
: Compute for the separate property of Mr. Magalang. Mr. Magalang died leaving an inventory of properties held by his familyMr. Magalang, Mrs. Magalang, Total
|
|
Understanding of organizational behavior
: Why is it important for managers to have an understanding of organizational behavior?
|