Unit 2 Cash Accounting - BFA103 FINANCIAL ACCOUNTING AND...

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BFA103 FINANCIAL ACCOUNTING AND DECISION MAKING TUTOR NOTES Unit 2 Cash Accounting Suggested solutions n The following information relates to Andy’s Catering. You are required to: a) complete the cash books. b) prepare the summary of cash books. c) prepare the Bank Reconciliation Statement. Andy’s Catering Service Bank Reconciliation Statement as at 30 November 2007 $ $ Balance as per Bank Statement add Deposits not Credited 6,700 300 7,000 less Un-presented Cheques # 724 # 728 160 750 910 Balance as per Cash at Bank 6,090 F ACULTY OF B USINESS UNIVERSITY OF TASMANIA 5
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BFA103 FINANCIAL ACCOUNTING AND DECISION MAKING TUTOR NOTES T HE ZUZU B ANKING C ORPORATION F OOTSCRAY V ICTORIA December Statement Account No 447925 Particulars Debit $ Credit $ Balance $ July Balance 1 CC 728 724 4 CC 735 v. Fees x. CC 732 13 CC 16 734 19 CC 29 Interest 750.00 160.00 180.00 250.00 450.00 360.00 300.00 960.00 940.00 350.00 1,950.00 150.00 6,700.00 7,000.00 6,250.00 6,090.00 7,050.00 6,870.00 6,620.00 7,560.00 7,110.00 7,460.00 7,100.00 9,050.00 9,200.00 Date of Issue: 30 Dec 2007 Page 134 6 F ACULTY OF B USINESS UNIVERSITY OF TASMANIA Statement of Account for: Andy’s Catering Service Footscray 3011
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BFA103 FINANCIAL ACCOUNTING AND DECISION MAKING TUTOR NOTES During December the transactions recorded in the cash journals were as follows: Cash Receipts Book Date Particulars Post Ref Rec No Sales Food Sales Wine Sundry Bank Dec 3 Sales 421 600.00 S Sal 422 360.00 960.00 8 Sales 423 700.00
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Unit 2 Cash Accounting - BFA103 FINANCIAL ACCOUNTING AND...

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