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:
- You are asked to prepare a correctedbank reconciliation statement. (Note: Cash balance and book balance figures are correct).
- State THREE (3) Principles of Internal Control.
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