1. Which account is updated before a Bank Reconciliation Statement is prepared?

[1]

2. Name the equivalent term used by a non-profit making organisation for each of the following:

1. Profit and Loss Account:

. [1]

2. Cash Book: .. [1]

3. Name the accounting principle which is applied in each of the following.

(i) The capital of a proprietor appears as a liability in the Balance Sheet of his business.

.. [1]

(ii) The worth to a business of its employees skills is not included in its accounting records.

[1]

4. The Trial Balance totals of a business do not agree. Name two errors which could cause this.

2. ... [2]

5. A Cash Book bank balance was N$1 790 (dr). When the Cash Book was compared with the bank Bank Statement, it was found that there were unpresented cheques of N$1 040 and outstanding deposits of N$820.

What is the balance in the Bank Statement? Show your workings.

..

..

..

..

..

..

.. [4]

6. What is meant by an accrual?

[2]