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Bank Reconcilation

  • Date Submitted: 10/13/2010 02:09 AM
  • Flesch-Kincaid Score: 82 
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Q.4. BANK RECONCILIATION STATEMENT (1997 REGULAR) | | Q.7. BANK RECONCILIATION   ( 1998 REGULAR) |
A comparison of CASH and BANK records of M/S. Khalida & Afzal revealed the following Information on 31st July 1997.
1. Balances as per Cash Book Rs. 13,579/=
2. Balances as per Bank Statement Rs. 1,019/=
3. Three Cheques amounting Rs. 1,300/=, Rs, 3,100/= and Rs. 4,400/= were issued to the Suppliers. Only the first cheque of Rs. 1,300/= was presented to the Bank till last day of the month.
4. Accompanying the Bank Statement was cheque of NIZAM BROS for Rs. 5,000/= marked as NSF.
5. The Bank Statement showed a debit of Rs. 510 and Rs. 150 being ZAKAT deduction and charges for collection, respectively. | | Nawaz Traders reports the following balances at October 31st 1998.
Balance per Bank Statement | 12,000/=
Balance per Cash Book | Rs. 8,000/=
Following are the difference between the balance as per Cash Book and Bank Statement.
1. Cheques issued by not paid Rs. 2,000.
2. Cheques deposited but not yet cleared Rs. 3,000.
3. Bank Collected a note receivable for Rs. 4,000 but not recorded in Cash Book.
4. Cheques issued and paid by Bank but not recorded in Cash Book Rs. 2,000.
5. Cheques deposited by a Customer directly into the bank but not yet recordedin the Cash Book Rs. 2,000.
6. Deposited a cheque into the Bank for Rs. 2,000 but mistakenly recorded in Cash Book as for Rs. 1,000 |
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Q.4. CASH CONTROL BANK RECONCILIATION (1997 PVT) | | Q.7. BANK RECONCILIATION STATEMENT (1996 REGULAR) |
(A). During the process of completing the bank reconciliation of Millat Supply Co. for 28 February 1997, the following facts were discovered.
Balance as per Cash Book | Rs. 4,37,850
Balance as per Bank Statement | Rs. 4,60,750
1. A cheque for Rs. 2,050 was wrongly deducted in the cash book as Rs. 20,050.
2. Company deposited three cheques during the month, but one cheque of Rs. 24,000 remain uncleared.
3. Cheque book charges by bank Rs. 50.
4....

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