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    The document is a supplementary cashbook for NTM Attorneys for February 2021. It shows receipts from a business client and expenses for stationery, insurance, telephone, and bank charges. It also includes interest on overdraft and a direct deposit. The cashbook balance on February 28 was R12,469. A reconciliation statement shows the favorable cashbook balance agrees with the bank statement balance after adjusting for an outstanding deposit, correction of an error, and interest received.

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    The document is a supplementary cashbook for NTM Attorneys for February 2021. It shows receipts from a business client and expenses for stationery, insurance, telephone, and bank charges. It also includes interest on overdraft and a direct deposit. The cashbook balance on February 28 was R12,469. A reconciliation statement shows the favorable cashbook balance agrees with the bank statement balance after adjusting for an outstanding deposit, correction of an error, and interest received.

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    © All Rights Reserved
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    2 views1 page

    Exercise 16 Solution

    Uploaded by

    hontoskoko
    The document is a supplementary cashbook for NTM Attorneys for February 2021. It shows receipts from a business client and expenses for stationery, insurance, telephone, and bank charges. It also includes interest on overdraft and a direct deposit. The cashbook balance on February 28 was R12,469. A reconciliation statement shows the favorable cashbook balance agrees with the bank statement balance after adjusting for an outstanding deposit, correction of an error, and interest received.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    EXERCISE SIXTEEN SOLUTION

    NTM ATTORNEYS IN LAW


    SUPPLEMENTARY BUSINESS CASHBOOK FOR FEBRUARY 2021
    28 Balance b/d 11 107 28 Bank Charges 410
    Business Client Z Mkize
    3 148 Interest on Overdraft 180
    (Direct deposit)
    Stationery
    27 Insurance 325
    (2 163 – 2 136)
    Telephone 898
    Balance c/d 12 469
    14 282 14 282
    1 Balance b/d 12 469

    BUSINESS BANK RECONCILIATION STATEMENT ON 28 FEBRUARY 2021


    Favourable balance as per Bank Statement 6 876
    Add Outstanding Deposit 5 213
    Correction of Error (cheque incorrectly debited) 380
    Favourable balance as per Business Cashbook 12 469

    Page 1 of 1
    Updated January 2021

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