User Account

All Pages

How to make a bank reconciliation statement

Assignment Help Financial Accounting
Reference no: EM132960969

Question - The month of August 2017 has just ended and you recived a bank statement showing an overdraft balance of £ 20,000. The balance recorded in the company's cash book is a credit balance of £ 12,100.

1) Lodgements not yet cleared by the bank (i.e. payments recored in the cash book but not recorded in the bank statement) £ 24,300

2) Cheques not yet presented (i.e payments from the account recorded in the cash book but not yet processed through the bank) £ 18,900 3) Bank charges of £ 1300

4) A dishonoured cheque from a customer £ 1,200

Items (3) and (4) have not yet been recorded in the cash book.

How to make a bank reconciliation statement for 31st August 2017 for this company?

Reference no: EM132960969

Questions Cloud

What should the price of a deluxe room : Under the assumption that the variable cost of a deluxe room is the same as that of a regular room, what should the price of a deluxe room
What is human resource : What is Human Resource, and why is it important
Determine the success of the organizational development : How will you determine the success of the organizational development initiative as an organizational development consultant in a Winnipeg hospital
For how many years can he make the withdrawals : Your uncle has $300,000 invested at 7.5%, and he now wants to retire. For how many years can he make the withdrawals
How to make a bank reconciliation statement : Lodgements not yet cleared by the bank £24,300. How to make a bank reconciliation statement for 31st August 2017 for this company
Which the proper accounting treatment of cost of building : If a corporation purchases a lot and building and subsequently tears down, Which the proper accounting treatment of the cost of the building would depend on
Termination of employment required : Glorious Florists is a floral supply company with offices and boutiques in Ontario. The organization started operations in 1978 and currently has an approximate
Write the summary on the auditor report : Write the summary on the auditor's report. Your summary should include the main points of report and auditor's opinion based on auditor's report
Which costs are capitalized for self-constructed assets : To be consistent with the historical cost principle, overhead costs incurred by an enterprise constructing its own building should be?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd