Ch.

7 The Bank Reconciliation Statement

Quiz 1
Name:____________________ Class:________( ) Marks:__________

Funny Co.
Cash Book ( Bank column only )
2017 $ 2017 $
Oct 1 Balance b/d 18,500 Oct 5 P. Sun 7,500
13 D. Fung 3,000 14 R. Kwok 2,000
22 W. Pang 1,600 24 H. Lo 4,300
31 K. Chan 2,200 30 C. Man 1,900
31 Balance c/d 9,600
25,300 25,300

Bank Statement for the month ended 31 October 2017

Date Details Dr. Cr. Balance
$ $ $
2015
Oct 1 Balance b/d 18,500
10 Cheque 609974 7,500 11,000
15 Cheque 609975 2,000 9,000
18 Cheque deposit 3,000 12,000
19 Credit transfer – L Yeung 700 12,700
20 Bank charges 300 12,400
25 Cheque 609973 4,300 8,100
26 Cheque deposit 1,600 9,700
29 Autopay – China Electricity Co. 1,100 8,600
31 Bank interest 200 8,800
31 Balance c/d 8,800

(a) Write up the cash book to adjust the bank balance as at 31 December 2017.
(5 marks)
(b) Prepare the bank reconciliation statement for the month ended 31 December
2017.
(3 marks)
 　 Funny Co.
(a)　 　
Cash book ( bank column only )
2017 $ 2017 $
Oct 31 Balance b/d 9,600 　Oct 31 Bank charges 300
31 L. Yeung – Credit transfer 700 　 31 Electricity - Autopay 1,100
31 Bank interest received 200 31 Balance c/d 9,100
10,50
　 10,500
0

(b) Funny Co.

Bank reconciliation statement as at 31 October 2017
$ $
Balance as per adjusted cash book 9,100
Add : Unpresented cheque 1,900
11,000
Less : Uncredited cheque 2,200
Balance as per bank statement 8,800