dation 1: (15 marks) Prepare bank reconciliation statement. On March 31, 2020 the bank column of...

 

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dation 1: (15 marks) Prepare bank reconciliation statement. On March 31, 2020 the bank column of the cashbook of Vingroup JSC showed a credit balance of $118,100 (Overdraft). On examining of the cash book and the bank statement, it was found that: a) Cheques received and recorded in the cashbook but not sent to the bank of collection $12,400. b) Payment received from a customer directly by the bank $27,300 but no entry was made in the cashbook. c) Cheques issued for $175,200 not presented for payment. d) Interest of $8,800 charged by the bank was not entered in the cashbook. dation 1: (15 marks) Prepare bank reconciliation statement. On March 31, 2020 the bank column of the cashbook of Vingroup JSC showed a credit balance of $118,100 (Overdraft). On examining of the cash book and the bank statement, it was found that: a) Cheques received and recorded in the cashbook but not sent to the bank of collection $12,400. b) Payment received from a customer directly by the bank $27,300 but no entry was made in the cashbook. c) Cheques issued for $175,200 not presented for payment. d) Interest of $8,800 charged by the bank was not entered in the cashbook.

Answer rating: 100% (QA)

1 AmountAmount 118100 Overdraft Balance as per Cash Book Cr Less Che... View the full answer