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Zorluk: KolayPreparation of Bank Reconciliation Statement

The adjusted cash book of Tunde & Sons shows a debit balance of NGN 12,000\text{NGN } 12,000. Cheques issued to suppliers totaling NGN 3,500\text{NGN } 3,500 have not yet been presented to the bank for payment. What is the balance as per the bank statement?

  1. NGN 15,500\text{NGN } 15,500Cevap
  2. B
    NGN 8,500\text{NGN } 8,500
  3. C
    NGN 12,000\text{NGN } 12,000
  4. D
    NGN 19,000\text{NGN } 19,000

Cevap

NGN 15,500\text{NGN } 15,500
Starting with a favourable (debit) adjusted cash book balance, unpresented cheques must be added to determine the bank statement balance because these cheques have reduced the cash book balance but have not yet been deducted from the bank account.

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1
Identify the starting adjusted cash book balance.
Adjusted Cash Book debit balance = NGN 12,000\text{NGN } 12,000.
The reconciliation statement starts from the corrected cash book figure.
2
Add unpresented cheques to the adjusted cash book balance.
NGN 12,000+NGN 3,500=NGN 15,500\text{NGN } 12,000 + \text{NGN } 3,500 = \text{NGN } 15,500.
Unpresented cheques have been deducted in the cash book but not yet cleared by the bank, meaning the bank's record reflects a higher balance.

Anahtar Kavram

Preparation of Bank Reconciliation Statement from Adjusted Cash Book Balance
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Preparation of Bank Reconciliation Statement

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