by the payee. When the bank statement was received on 31 October 2012 it showed a balance which differed from that of the cash book Your investigation of the accounting records for the period reveals the following information. a) Bank charges of GH320 appear in the bank statement on 30th October 2012 but have not been recorded in the cash book. b) Cheques from the Proprietor's friend, Sir One totaling GH2,890 entered in the cash book on 29th October, 2012 were credited by the bank on 2nd November, 2012. c) A cheque for GH1,000 entered in the cash book was yet to be submitted for payment d) A cheque for GH12,900 drawn by the business to pay for a new item of plant had been mistakenly entered in the cash book as GH1.290. e) The total of the receipt side of the cash book had been understated by GH1,000. 1) A cheque for GH980 from a customer paid in on 26th October was dishonoured two days later. 8) A cheque for GH9,700 drawn by the business was correctly entered in the cash book but debited to the bank statement by the bank as GH7,900. h) Traders credit totaling GH 1,630 have been credited in the bank statement on 27th October, 2012, but not yet recorded in the cash book. D Amount received in the last few days of October totaling GH3,800 and recorded in the cash book have not been included in the bank statement as at 31 October, 2012. 1 The bank had wrongly debited a cheque of GH270 which should have been placed against another man. quired a Prepare an adjusted cash book showing the revised balance which should appear in the books of the Most Special One as at 31st October, 2012. b. Prepare the bank reconciliation statement as at 31st October, 2012. c. Define the term Insufficient Mandate in a bank's transaction and describe Two situations that could be described as Insufficient Mandate. (25 marks) a