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Solution - Exercise Chapter 7 - ACC117

The document provides 3 bank reconciliation statements with adjustments to reconcile the cash book balance to the bank statement balance. The first statement reconciles a balance of RM16,526 with additions of unpresented cheques and an error by the bank, and subtractions of uncredited cheques. The second statement reconciles a balance of RM33,705 with additions of unpresented cheques and subtractions of an error by the bank and uncredited lodgements. The third statement reconciles a balance of RM23,220 with additions of unpresented cheques and an error by the bank, and subtractions of uncredited lodgements and errors by the bank.

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652 views

Solution - Exercise Chapter 7 - ACC117

The document provides 3 bank reconciliation statements with adjustments to reconcile the cash book balance to the bank statement balance. The first statement reconciles a balance of RM16,526 with additions of unpresented cheques and an error by the bank, and subtractions of uncredited cheques. The second statement reconciles a balance of RM33,705 with additions of unpresented cheques and subtractions of an error by the bank and uncredited lodgements. The third statement reconciles a balance of RM23,220 with additions of unpresented cheques and an error by the bank, and subtractions of uncredited lodgements and errors by the bank.

Uploaded by

nurhidayah sadon
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ACC117/106

BANK RECONCILITION

SOLUTION 1

Updated Cash Book (Bank Column)


RM RM
Unadjusted balance 18,031 Bank charges 105
Error (344-334) -252206 10 Standing order 450
Error (870-780) -252202 90 Direct debit 600
Error (940-490) -252203 450
Adjusted balance 16,526
18,131 18,131

Surya Inn Enterprise


Bank Reconciliation Statement as at 31 August 2021
RM
Adjusted balance as per updated cashbook 16,526

Add: Unpresented Cheques


Cheque no. 252201 655
Cheque no. 252204 60
Cheque no. 252205 130

Add: Error by bank 3,900 4,745

Less: Uncredited cheques


Sales 2,500
Sales – MNO Sdn Bhd 3,300 (5,800)
Balance as per Bank Statement 15,471

SAR_ACC117/106_CHAPTER 7
SOLUTION 2

Adjusted Cash Book


RM RM
Balance b/d 33,490 Bank charges 75
Interest 540 Direct Debit 1,450
Credit Transfer 4,200 Dishonoured cheque 2,300
Error (8,300-3,800) 4,500 Standing Order 5,200
Balance c/d 33,705
42,730 42,730

Fabulous Apparel Trading


Bank Reconciliation Statement as at 31 December 2021
RM RM
Balance as per Updated Cash Book 33,705

Add: Unpresented Cheques


Telekom (102) 1,500
Elegant Boutique (103) 2,700
Cute Scarf Wholesaler (106) 3,700
Salaries (107) 4,000
11,900

Less: Uncredited Lodgement


Annie Shawl 9,500
Zaira Hijab 2,800

Less: Error by bank 990


(13,290)
Balance as per Bank Statement 32,315

SAR_ACC117/106_CHAPTER 7
SOLUTION 3

Adjusted Cash Book


RM RM
Error (to cancel the credit balance) 46,000 Balance b/d* 22,880
Interest received 360 Dishonoured cheque 200
Credit transfer 305 Standing order 200
Direct debit 150
Bank charges 15
Balance c/d 23,220
46,665 46,665

*Working: RM
Opening balance (23,000) CR
add: Total receipt 4,490 DR
less: Total payment (4,370) CR
(22,880) CR

Syurga Manis Enterprise


Bank Reconciliation Statement as at 30 October 2021
RM RM
Balance as per Updated Cash Book 23,220

Add: Unpresented Cheques


Syurga Dessert Trading - 1054 100
Perniagaan Buko Pandan -1055 220

Error by bank (780-480) 300


620

Less: Uncredited Lodgement


Sales 650
Sales 505

Error by bank (to cancel debit entry) 500


Error by bank (850-350) 500
(2,155)
Balance as per Bank Statement 21,685

SAR_ACC117/106_CHAPTER 7

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