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5 marksBank Reconciliation

CSEC Principles of Accounts · May/June 2012 · Paper 2 · Question 3(b)(i)

Discrepancies exist between V. Cheeseman's Cash Book and the bank statement as at 31 August 2011, with the bank statement showing a balance of $5 680.

Using the corrected summarized Cash Book balance from (a)(ii), draw up an updated Cash Book for the month ended 31 August 2011.

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Other parts of this question

  1. 3(a)(i)Prepare the journal entries to correct the three listed errors (narratives not required).[7 marks]
  2. 3(a)(ii)Beginning with the incorrect balance of $2 570, correct the summarized Cash Book for the relevant errors given, showing all working.[5 marks]
  3. 3(b)(ii)Starting with the updated Cash Book balance, draw up a Bank Reconciliation Statement for V. Cheeseman for the month ended 31 August 2011.[3 marks]

More practice: the rest of this paper · more Bank Reconciliation questions · all CSEC Principles of Accounts past papers