F #1 Chapter 30. Bank reconciliation statements 333 (c) Briefly explain why it is necessary...
80.2K
Verified Solution
Link Copied!
Question
Accounting
F #1 Chapter 30. Bank reconciliation statements 333 (c) Briefly explain why it is necessary to prepare bank reconciliation statements at accounting year ends. (Association of Accounting Technicians) 30.7 The bank statement for G Greene for the month of March 20x6 is: March 20x61c loutro ] 20x6 Dr cr Balance E Mar 1 Balance 5,197 O/D 8 L Tulloch 122 5,319 O/D 16 Cheque 244 5,075 O/D 20 A Bennett 208 5,283 O/D 21 Cheque 333 4,950 O/D 31 M Turnbull: trader's credit 57 4,893 O/D 31 BKS: standing order 49 4,942 O/D 31 Bank charges 28 4,970 O/D The cash book for March 20x6 is: 20X6 Dr 20X6 cr Mar 16 N Marsh 244 Mar 1 Balance b/d 5,197 21 K Alexander 333 6 L Tulloch 122 31 U Sinclair 160 30 A Bennett 208 31 Balance cld 5,280 30 J Shaw 490 FOOD 6,017 6,017 You are to: (a) Write the cash book up to date, and (b) Draw up a bank reconciliation statement as on 31 March 20x6. *+ ++ ++
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.