Question

Cildpter 24 Bank reconciliations ank columns in the cash book for June 2019 and the bank statement for that month 144A The bank col for D. Hogan are as follows: Cash Book E 2019 2019 un Cr 1,410 62 1 7 16 28 30 Dr Balance b/d J. May T. Wilson F. Slack G. Baker 75 5 12 16 29 30 L. Holmes J. Rebus T. Silver Blister Disco Balance dd 180 519 41 224 582 2,353 22 1,591 2,353 Bank Statement 2019 Balance 1 7 8 16 17 18 28 29 30 30 Balance b/d Cheque L. Holmes Cheque J. Rebus T. Silver Cheque SLM standing order Flynn: trader's credit Bank charges 1,410 1,472 1,292 1,367 848 807 1,031 979 1,043 1,000 64 You are required to: la Write the cash book up to date to take the above into account, and then (b) Draw up a bank reconciliation statement as on 30 June 2019.

Answer 1

First, we need to update the cash book by recording those transactions which are recorded as per bank but not in cash book. Then we need to reconcile the updated balance as per cash book with passbook after adjusting those transactions which are recorded in cash book but not as per bank statement or passbook.

UPDATED CASH BOOK Particular Date Pauticlans Date 2019 2019 Jun 30 1591 - Balanu bld Flynn: Trader's O cuedit SLM standing onderal Bank changes 4 52 64 . 43 Junezo clo Balance Kaipg) 1560 1,655 1655 Bank Reconciliatiation statement as on June 30 2019. Bilance as per pass book (ca.) - (Bank Statement balance) • Loco A cheque deposited but not yet credited bo Baker). V 582 62 cheque issued for payment but not collected Blister Disco) > Balance as por cash book (ar) € 1560 (22)