Question 1 The bank statement and bank columns in the cash book of Rina for the...

 

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Question 1 The bank statement and bank columns in the cash book of Rina for the month of March 20 were as follows: Mar. 1 2 9 Cheque no. 6001 Cheque no. 3190 Cheque no. 6002 Cheque no. 6003 29 Cheque no. 4050 30 Standing order 30 Credit transfer 30 30 30 Mar 1 8 17 29 30 31 Balance b/d Cheque no. 6000 Cheque no. 11011 17 17 18 Cheque no. 1010 Cheque no. 6570 Bank charges Balance bid En Husin Faizi Enterprise Ani Trading Rahan Wira Club Bank Statement for March 20x9 Debit RM Cheque No. 2,500 11011 3190 4050 6005 1010 Debit RM 1,500 4.330 880 440 Cash Book (Bank column) RM 700 Mar 23,790 6 Az 1,580 13 Razak 930 17 Bad 3,070 30 zam 4,000 Credit RM 6,240 31 Balance c/d 39,610 1,580 Credit RM 930 3,070 200 240 460 6001 6002 Cheque No. 6003 6004 Balance RM Balance RM 26,290 23,790 25,370 23,870 24,800 20,470 19,590 22,660 22,220 22,420 22,660 23,120 22,420 RM Required: (a) Identify the adjustments to be made and update the cash book as at 31 March 2019. (b) Prepare a bank reconciliation statement as at 31 March 20x9. (c) Explain the purpose of preparing the bank reconciliation statement. 1,500 4,330 880 570 32.330 39.610 Additional information: (i) Rina wrongly recorded cheque no. 1010 as RM6.240, while the bank showed the correct amount of RM240. (ii) The bank wrongly credited cheque no. 6570 to Reena in Rina's account. () Cheque no. 6005 issued to Raihan was wrongly debited instead of credited by Rina in the cash book (iv) The bank reconciliation statement for February 20x9 showed cheque no. 6000 of RM2,500 as unpresented. Question 1 The bank statement and bank columns in the cash book of Rina for the month of March 20 were as follows: Mar. 1 2 9 Cheque no. 6001 Cheque no. 3190 Cheque no. 6002 Cheque no. 6003 29 Cheque no. 4050 30 Standing order 30 Credit transfer 30 30 30 Mar 1 8 17 29 30 31 Balance b/d Cheque no. 6000 Cheque no. 11011 17 17 18 Cheque no. 1010 Cheque no. 6570 Bank charges Balance bid En Husin Faizi Enterprise Ani Trading Rahan Wira Club Bank Statement for March 20x9 Debit RM Cheque No. 2,500 11011 3190 4050 6005 1010 Debit RM 1,500 4.330 880 440 Cash Book (Bank column) RM 700 Mar 23,790 6 Az 1,580 13 Razak 930 17 Bad 3,070 30 zam 4,000 Credit RM 6,240 31 Balance c/d 39,610 1,580 Credit RM 930 3,070 200 240 460 6001 6002 Cheque No. 6003 6004 Balance RM Balance RM 26,290 23,790 25,370 23,870 24,800 20,470 19,590 22,660 22,220 22,420 22,660 23,120 22,420 RM Required: (a) Identify the adjustments to be made and update the cash book as at 31 March 2019. (b) Prepare a bank reconciliation statement as at 31 March 20x9. (c) Explain the purpose of preparing the bank reconciliation statement. 1,500 4,330 880 570 32.330 39.610 Additional information: (i) Rina wrongly recorded cheque no. 1010 as RM6.240, while the bank showed the correct amount of RM240. (ii) The bank wrongly credited cheque no. 6570 to Reena in Rina's account. () Cheque no. 6005 issued to Raihan was wrongly debited instead of credited by Rina in the cash book (iv) The bank reconciliation statement for February 20x9 showed cheque no. 6000 of RM2,500 as unpresented.