Required:

a) Prepare an updated cash book (bank column).

b) Prepare the bank reconciliation statement for Kaya Raya Enterprise as at 30 April 20x9.

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Question 3 In early May 20x9, Kaya Raya Enterprise received the bank statement from Affin Bank Berhad. The newly-appointed accounts clerk found that the cash book balance did not tally with the bank statement balance. He sought your advice and provided you with the following information: Date U Details Apr. 1 Balance b/d 2 Sales 10 Sales 15 Sales 17 Sales 22 Sales 25 Sales 28 Sales Total Date Apr. 1 5 8 9 512332 Balance b/d 512330 Cheque cleared 10 12 512331 Bank charges 14 16 512335 Cheque cleared Cash Book (Bank Column Only) RM Date Details Description 5,327.00 Apr. 1 Purchases 1,892.00 2 Electricity Purchases 5 8 Rental 12 Purchases 14 Salary 30 Purchases 30 Balance c/d Total 4,997.50 2,472.75 2,804.00 2,133.30 2,250.00 1,177.50 23,054.05 18 Standing order 20 Cheque cleared 23 512336 25 Cheque cleared 26 Cheque cleared 26 Cheque returned 27 Interest credited 30 Dividend Affin Bank Berhad Statement as at 30 April 20x9 Debit (RM) 710.70 1,780.21 15.00 238.82 1,500.00 325.00 527.50 2,133.30 Cheque No. 512334 512335 512336 512330 512331 512332 1,780.21 512333 750.00 1,250.00 1,500.00 525.00 16,299.32 23,054.05 Credit (RM) 1,892.00 2,472.75 4,997.5 2,804.00 2,133.30 RM 304.00 206.00 710.70 238.82 Balance (RM) 5,327.00 4,616.30 walial 6,508.30 4,728.09 4,713.09 4,474.27 6,947.02 5,447.02 5,122.02 10,119.52 9,592.02 12,396.02 14,529.32 12,396.02 12,700.02 12,906.02 On checking, you found the following error: (i) Payment to creditor (cheque no. 512336) which amounted to RM527.50 was wrongly recorded in the cash book as RM525. Question 3 In early May 20x9, Kaya Raya Enterprise received the bank statement from Affin Bank Berhad. The newly-appointed accounts clerk found that the cash book balance did not tally with the bank statement balance. He sought your advice and provided you with the following information: Date U Details Apr. 1 Balance b/d 2 Sales 10 Sales 15 Sales 17 Sales 22 Sales 25 Sales 28 Sales Total Date Apr. 1 5 8 9 512332 Balance b/d 512330 Cheque cleared 10 12 512331 Bank charges 14 16 512335 Cheque cleared Cash Book (Bank Column Only) RM Date Details Description 5,327.00 Apr. 1 Purchases 1,892.00 2 Electricity Purchases 5 8 Rental 12 Purchases 14 Salary 30 Purchases 30 Balance c/d Total 4,997.50 2,472.75 2,804.00 2,133.30 2,250.00 1,177.50 23,054.05 18 Standing order 20 Cheque cleared 23 512336 25 Cheque cleared 26 Cheque cleared 26 Cheque returned 27 Interest credited 30 Dividend Affin Bank Berhad Statement as at 30 April 20x9 Debit (RM) 710.70 1,780.21 15.00 238.82 1,500.00 325.00 527.50 2,133.30 Cheque No. 512334 512335 512336 512330 512331 512332 1,780.21 512333 750.00 1,250.00 1,500.00 525.00 16,299.32 23,054.05 Credit (RM) 1,892.00 2,472.75 4,997.5 2,804.00 2,133.30 RM 304.00 206.00 710.70 238.82 Balance (RM) 5,327.00 4,616.30 walial 6,508.30 4,728.09 4,713.09 4,474.27 6,947.02 5,447.02 5,122.02 10,119.52 9,592.02 12,396.02 14,529.32 12,396.02 12,700.02 12,906.02 On checking, you found the following error: (i) Payment to creditor (cheque no. 512336) which amounted to RM527.50 was wrongly recorded in the cash book as RM525.

Answer rating: 100% (QA)

ANSWER a Updated Cash Book Bank Column Date Details Cheque No RM Debit Credit Balance Apr 1 Balance ... View the full answer