Monday, December 16, 2013

Monday, August 16, 2010

i will inshallah post more material

hello world this is a new post after such a long time

i am very much exited about it

Monday, November 17, 2008

Incase You have missed BRS test

Bank reconciliation Test
Q1
Peter Dlamini’s Cash Book (bank column) had a debit balance of $515 on 30 April 2003.
This did not agree with the bank statement of the same date, which showed a balance of
$290.
The Cash Book was checked against the bank statement and the following differences were
found:
1. Cheques totalling $620 issued to creditors had not been presented to the bank for
payment.
2. An amount of $950 paid into the bank did not appear on the bank statement.
3. Cash sales deposited into the bank amounting to $390 had been omitted from the Cash
Book.
4. The bank had received $150 by credit transfer (bank giro) from Klerk for Dlamini’s
account. Dlamini had not been advised.
5. A cheque for $315 received from Joseph had been paid into the bank but it had now
been returned unpaid. No action has been taken by Dlamini.
6. The following transaction by the bank had not been recorded in the Cash Book:
Bank charges $120
REQUIRED:
(a) Prepare an up-dated and balanced Cash Book. (6 marks)
(b) Prepare a correctly headed statement to reconcile the adjusted Cash Book balance with the bank statement balance at 30 April 2003. (9 marks)

Q2

5 marks

6 marks
If