Question: Q2. Using the information given in tables 1 and 2 below, you are required to; (a) Briefly explain what a bank reconciliation statement is.

Q2. Using the information given in tables 1 and 2 below, you are required to; (a) Briefly explain what a bank reconciliation statement is.

Q2. Using the information given in tables 1 and 2 below, you are required to; (a) Briefly explain what a bank reconciliation statement is. (b) State the causes of imbalance in closing balances for these two records. (c) Prepare a Bank Reconciliation Statement as at 30th April, 2020.| Table.1: Cash Book as at 30th April, 2020 Details (3 Marks) (5 Marks) (10 Marks) Date Debit K;000 Credit K'000 Balance K'000 1 April Opening Balance 2,860 6 April R. Mbewe 250 3,110 9 April B. Jere 600 2,510 18 April Hire of tractor 20 2,530 26 April Rent 120 2,410 27 April F. Banda 800 3,210 28 April Secretary expenses 305 2,905 30 April D Phiri 40 2,865

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