ARA Sdn Bhd.docx - Minicase 5 Name Anas Hussein Bazarah...

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Minicase 5Name: Anas Hussein BazarahMatric: 252120Lecture name: Dr. Ooi Sue Chern
Q1:a) To stable errors that lead to restatement and to ensure the accuracy of accounting records. b) Types of internal cash control :- cash receipt controls.- cash disbursement controls.- use of a bank.- physical protection of cash balance.Q2:ARA Sdn BhdBank Reconciliation Statement 31/ December/ 2014Bank/Book balanceRMRM
Balance per bank statement(+) Deposit in transit (-) Outstanding cheques Correct cash Balance Balance per bank (+) interest collected by bankDirect payment by a customer(-) Book Service ChargeCorrect cash balance2001400360030006600(5000)1600400Q3:North Paddy Sdn Bhd Bank reconciliation as at 31 October 2015
Balance as per bank statementAdd : deposit in transit Error Deduct: outstanding checks Correct balance as per bank statementBalance as per cash bookAdd: Note receivable Interest Deduct: error Debit memo Error check no. 211222Collection feeNSF (Non - sufficient fund)Correct balance as per cash bookRM4680.75300010,000400(50)(200)(135)(15)(3500)RM34,022.507680.75(1381.25)40,32233,82210,0003,90040,322Q4:Berjya BhdStatement Of Cash flow Of 2014

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