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Worksheet 1

The document provides financial information for two tasks related to cash books and bank statements for Martin and Naveen for the months of January 2010 and December 2013, respectively. It includes details of transactions, balances, and requests for updated cash books and bank reconciliation statements. Additionally, it asks for reasons for discrepancies between cash books and bank statements.

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mohamed sobah
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25 views2 pages

Worksheet 1

The document provides financial information for two tasks related to cash books and bank statements for Martin and Naveen for the months of January 2010 and December 2013, respectively. It includes details of transactions, balances, and requests for updated cash books and bank reconciliation statements. Additionally, it asks for reasons for discrepancies between cash books and bank statements.

Uploaded by

mohamed sobah
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Task 1 the following information is relating to the business of Martin for the month of January 2010.

Cash book (bank column)

Date Details $ Date Details $

Jan 1 Balance b/d 2 000 Jan 8 B. Snell 400

Jan 5 M Manson 256 Jan 10 S. Short 680

Jan 9 J Jackson 500 Jan 15 R. Rain 350

Jan 21 K King 450 Jan 31 Balance c/d 2 376

Jan 25 G Good 600

3 806 3 806

The bank statement for the month of January 2010 showed the following:-

Date Details Debit Credit Balance

Jan 1 Balance b/d 2 000 cr

Jan 5 M Manson 256 2 256 cr

Jan 9 B Snell 400 1 856 cr

Jan 17 R Rain 350 1 506 cr

Jan 19 Bank charges 30 1 476 cr

Jan 28 G Good 600 2 076 cr

Jan 29 C Cat 250 2 326 cr

Prepare:

a) The updated cash book


b) The bank reconciliation statement
c) State 4 reasons why cash book and bank statement differ
Task 2

The following information is available from the books of Naveen for the month of December 2013.

Cash book (bank column)

Date Details $ Date Details $

Jan 1 Balance b/d 1 500 Jan 8 A Albert 438

Jan 5 Terry 108 Jan 10 R. Rita 130

Jan 9 Jill 200 Jan 15 R. Manson 110

Jan 21 K wood 280 Jan 31 Balance c/d ?

Jan 25 G Grant 305

2 393 2 393

3 806 3 806

The bank statement for the month of January 2010 showed the following:-

Date Details Debit Credit Balance

Jan 1 Balance b/d 1 500 cr

Jan 5 Chque 201 (Terry) 108 1 608 cr

Jan 9 A Albert 438 1 170 cr

Jan 17 R Rita 130 1 040 cr

Jan 19 Jill 200 1 240 cr

Jan 28 L. Master (credit transfer) 500 1 740 cr

Jan 29 Bank charges 20 1 720 cr

Prepare:

a) The updated cash book


b) The bank reconciliation statement

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