Question: please clear your handwriting and make correct answer You attended an interview with Company Y. During the interview, you are given the following bank reconciliation

please clear your handwriting and make correct answer

You attended an interview with Company Y. During the interview, you are given the following bank reconciliation statement

Company Y

Bank Reconciliation

30November 2020

Cash balance according to bank statement

RM5,620

Add: Bank error

150

5,770

Deduct:

Insufficient fund check

860

Cash deposit not appear in bank statement

1,280

2,140

Adjusted balance

3,630

Cash balance according to companys records:

RM6,200

Deduct:

Companys check not yet cleared

1,430

Bank service charges

20

1,450

Adjusted balance

4,750

REQUIRED:

  1. You are asked to prepare a correctedbank reconciliation statement. (Note: Cash balance and book balance figures are correct).

  1. State THREE (3) Principles of Internal Control.

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