QUIZ – AA015 TOPIC 6 ACCOUNTING FOR CASH

QUIZ – AA015 TOPIC 6

 Question:

Cik Lai Mae received a Bank Statement for the year ended 31 July 2023. The balance is different from the cash book balance.

 Cash Book (Bank Columns only)

Date	Details	Bank	Date	Details	Cheque no	Bank
Jul 1	Balance  b/f	3,442	Jul 4	Purchases	10511	332
4	Commission	210	10	Insurance	10512	240
15	Maniam	268	18	Mohd Ali	10513	195
20	Siow Hing Siong	200	22	Kedai Lee	10514	223
27	Soon Fatt	140	30	Salary	10515	250
30	Sales	275	31	Balance  c/f		3,295
		4,535				4,535
Aug 1	Balance b/f	3,295

 

Bank Statement

Date	Details	Cheque No.	Debit	Credit	Balance
Jul 1	Balance b/f				3,642
2	Cheque	10509	112		3,530
4	Cheque	10510	88		3,442
6	Deposit			210	3,652
8	Cheque	10511	332		3,320
18	Deposit			268	3 588
19	Cheque	10512	240		3,348
21	Cheque	10513	195		3,153
27	Dividend Wangi Bhd			228	3,381
28	Cheque	10514	232		3,149
30	Cheque book		10		3,139
31	Deposit			140	3,279

 

Additional information:

a)        A cheque from  Siow Hing Siong had been returned by the bank marked “refer to drawer”.

b)        Cheque - 10514 drawn to  Kedai Lee wrongly recorded in the cash book.

 

Required:

1.        Prepare a  Bank Reconciliation Statement ended 31 July 2022.

(10 Marks)

2.    Prepare  adjustment journal (description not required).

(5 Marks)

 

  ANSWER

QUIZ – AA015 TOPIC 6

a)

 (10 √ x 1 = 10 Marks)

b)             Adjustment journal

(10 √ x ½ = 5 Marks)

 

 

As Salam and Hi everyone... My name is Puan Asmazatul Yusfiziati Binti Mohd Yusof CA(M) or you can call me Madam Fizi. I'm an Accounting lecturer at Negeri Sembilan Matriculation College (KMNS), Kementerian Pendidikan Malaysia. This blog (www.madamfizi.com) was created to share learning materials on the subject of Accounting for Matriculation, Form 6, Foundation, Diploma, Secondary School and related students.