| |
Solution 8.3
In this question:
- Opening balances dont agree but can be reconciled
180 (opening statement balance) + 650 (1st lodgement)
480 (CQ 79964) = 350 (opening cash book balance). 650 and 480
can be ignored as they related to last months reconciliation.
- 6 items on the bank statement not yet recorded in
the cash book
- 2 errors in the cash book to correct
- 5 outstanding cash book items for the reconciliation
|
DR |
Cash Book |
CR |
|
|
|
|
|
|
Bal
b/d |
2,289 |
DD
ESB |
870 |
|
CT
Smith Ltd |
650 |
DD
Bord Gais |
380 |
|
Dividend |
925 |
Standing
order 354 |
250 |
|
|
|
Bank
charges |
22 |
|
|
|
Lodgement
error |
60 |
|
|
|
Error
CQ 79970 |
9 |
|
|
|
Bal
c/d |
2,264 |
|
|
3,855 |
|
3,855 |
|
Bal
b/d |
2,264 |
|
|
| |
|
|
|
|
|
Bank reconciliation |
|
|
|
Bank
statement closing balance |
|
1,581 |
|
Add
outstanding lodgements |
|
|
|
30th Oct |
1,320 |
|
|
30th Oct |
2,510 |
3,830 |
|
Less
un-presented cheques |
|
|
|
Cheque 79968 |
1,250 |
|
|
Cheque 79972 |
577 |
|
|
Cheque 79973 |
1,320 |
(3,147) |
|
|
|
|
|
Balance
per cash book |
|
2,264 |
|