a Cash Book bank column only Balance bd 19900 315000 300700 34200 Bank charges

A cash book bank column only balance bd 19900 315000

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(a) Cash Book (bank column only) $ $ Balance b/d (19,900 + 315,000 300,700) 34,200 Bank charges 80 Bank deposit interest 650 Star Ray Limited dishonoured cheque 10,250 Kettler Limited 2,400 Balance c/d 26,920 37,250 37,250 (b) Bank Reconciliation Statement as at March 2006 $ Adjusted balances as per cash book 26,920 Add Uncredited cheque 16,500 43,420 Less Lodgements not yet recorded by bank 6,630 Adjusted balances as per bank statement 36,790
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17 (c) Journal Details Dr Cr $ $ (v) Salaries (Profit and loss) 500 Suspense 500 (vi) Purchases (Trading) 2,000 Creditors 2,000 (vii) Jane Limited ($870 $780) 90 Returns inwards (Trading) 90 (viii) Prepaid electricity 1,240 Electricity (Profit and loss) 1,240 (ix) Discount allowed (Profit and loss) 450 Suspense 8,550 Mr Wu 9,000 (x) Bank loan 200,000 6% debentures 200,000 Debenture interest (Profit and loss) 1,000 Interest payable (200,000 x 6% x 1/12) 1,000 (d) Statement of adjusted profit for the year ended 31 March 2006 $ $ Net profit per draft accounts 80,260 Add Bank deposit interest not recorded 650 Electricity prepaid 1,240 Returns inwards overstated 90 1,980 82,240 Less Bank charges not recorded 80 Salaries undercast 500 Purchases omitted 2,000 Discount allowed not recorded 450 Debenture interest accrued 1,000 4,030 Adjusted net profit 78,210
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