I n t e r a c t I v e t e X t foundations in Accountancy/ acca financial accounting (ffa/FA) bpp learning Media is an acca approved Content Provider

 

498

 

60 

The following bank reconciliation statement has been prepared by a trainee accountant.  

 

$ 

 Overdraft per bank statement 

 3,860 

 Less unpresented cheques 

   9,160 

 

 5,300 

Add deposits credited after date (outstanding lodgements)    

 16,690 

Cash at bank as calculated above 

 21,990 

What should be the correct balance per the cash book? 

A 

$21,990 balance at bank as stated 

B 

$3,670 balance at bank 

C 

$11,390 balance at bank 

D $3,670 

overdrawn 

 

(2 marks) 

61 

In preparing a company's bank reconciliation statement at 31 March 20X6, the following items 

are causing the difference between the cash book balance and the bank statement balance:  

1 

Bank charges $380  

2 

Error by bank $1,000 (cheque incorrectly debited to the account)  

3 

Lodgements not credited $4,580  

4 

Unpresented cheques $1,475  

5 

Direct debit $350  

6 

Cheque paid in by the company and dishonoured $400