Lecture 6_Question

Bank Reconciliation Statement

1. The following is the cash book of Julia Berhad for the month of June 2019.

    Cash Book    
Date Item RM Date Item RM
1-Jun Balance b/d 1,000 2-Jun Kathy 240
11 Haris 370 13 Dora 490
16 Lela 510 22 Birdy 750
24 Armi 620 30 Balance c/d 1,200
30 Cash 180
2,680 2,680
 

The following is the bank statement of Julia that is received from its bank:

Date Details Debit (RM) Credit (RM) Balance (RM)

1-Jun Balance     1,000
5 Kathy 240 760
15 Haris 370 1,130
18 Dora 490 640
20 Dividends 160 800
21 Lela 510 1,310
30 Bank charges 75 1,235

Required:

Prepare a bank reconciliation statement as at 30 June 2019.

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2. The cash book of Suria Berhad showed that the balance in the bank on 31 October 2019
was RM5,400. The bank statement balance is RM4,606. Comparison with the bank
statement for same date showed the following discrepancies:

1. Checks from customers amounting to RM1,350 were paid into the bank on 30
October 2019 but were not shown in the bank statement.
2. Bank service charge for the month of October was RM60.
3. Dividends of RM360 due to Suria Berhad had been paid directly to the bank.
4. A check amounting to RM741 was drawn by Suria Berhad but not yet presented to
the bank.
5. A check for RM585 has been returned by the bank marked “refer to drawer”, but
this had not been recorded in the cash book.
6. Interest on fixed deposit RM100 had been credited in the bank statement.

Required:

Prepare a bank reconciliation statement as at 31 October 2019.