on 31st December 1992, Ilerika's cash book showed a debit balance of ₦1900 .His bank statement showed an overdraft balance of ₦470. Upon investigations the following errors were discovered:
a. A cheque of ₦340 paid to Pz limited had been entered in the cash book as ₦430.
b. cash paid into the bank for ₦100 had been entered in the cash book as ₦90
c. A transfer of ₦1500 to first bank had not been entered in the cash book
d. A receipt of₦310 shown on the bank statement had not been entered in the cash book
e. cheque drawn amounting to ₦40 had not been paid into the bank.
f. The cash book balance had been incorrectly brought down at 1st 1991 as a debit balance of ₦1200 instead of a debit balance of ₦1100.
g. Bank charges of ₦20 did not appear in the cash book.
h. Receipt of ₦900 paid into the bank on 31st December 1992 did not appear on the bank pass sheets until 1st january.
i. A standing order payment of ₦30 had not been entered in the cash book
j. A cheque for ₦50 was dishonor
k. The bank received a credit transfer of ₦100 from customer
l. cheques paid into the Bank had been incorrectly totalled. the amount should have been ₦170 instead of ₦150
you are required to
prepare a bank reconciliation statement?
In Accounting
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Asked by Anuntu Florence on 23rd February, 2023
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