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    hontoskoko
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    The document provides a supplementary cashbook and bank reconciliation statement for the business Super Attorneys for May 2021. The cashbook shows various expenses for insurance, interest on overdraft, bank charges, and fees, as well as an opening and closing balance brought forward and carried down. The bank reconciliation statement reconciles an unfavorable balance per the bank statement of R34,324 with adjustments for an outstanding deposit, correction of an error, and the unfavorable cashbook balance of R19,742.

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    The document provides a supplementary cashbook and bank reconciliation statement for the business Super Attorneys for May 2021. The cashbook shows various expenses for insurance, interest on overdraft, bank charges, and fees, as well as an opening and closing balance brought forward and carried down. The bank reconciliation statement reconciles an unfavorable balance per the bank statement of R34,324 with adjustments for an outstanding deposit, correction of an error, and the unfavorable cashbook balance of R19,742.

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    © All Rights Reserved
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    2 views1 page

    Exercise 17 Solution

    Uploaded by

    hontoskoko
    The document provides a supplementary cashbook and bank reconciliation statement for the business Super Attorneys for May 2021. The cashbook shows various expenses for insurance, interest on overdraft, bank charges, and fees, as well as an opening and closing balance brought forward and carried down. The bank reconciliation statement reconciles an unfavorable balance per the bank statement of R34,324 with adjustments for an outstanding deposit, correction of an error, and the unfavorable cashbook balance of R19,742.

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    © All Rights Reserved
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    of 1

    EXERCISE SEVENTEEN SOLUTION

    SUPER ATTORNEYS
    SUPPLEMENTARY BUSINESS CASHBOOK FOR MAY 2021
    31 Balance c/d 19 742 31 Balance b/d 18 778
    Insurance 500
    Interest on Overdraft 50
    Bank Charges 54
    Fees
    360
    (8 621 – 8 261)
    19 742 19 742
    1 Balance b/d 19 742

    BUSINESS BANK RECONCILIATION STATEMENT ON 31 MAY 2021


    Unfavourable balance as per Bank Statement (34 324)
    Add outstanding deposit 11 721
    Correction of Error (cheque incorrectly debited) 2 861
    Unfavourable balance as per Business Cashbook (19 742)

    Page 1 of 1
    Updated January 2021

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