ACC 106/DEC 2019/QUIZ 2

INTRODUCTION TO FINANCIAL ACCOUNTING AND REPORTING

(ACC106)

QUIZ 2: BANK RECONCILIATION STATEMENT (5%)

The following records are extracted from the books of Gemalai Resort Sdn. Bhd.:

Gemalai Resort Sdn Bhd

Bank Reconciliation Statement as at 30 October 2019
RM RM
Balance as per adjusted cash book 10,060

Add: Unpresented cheques

Cheque No. 110378 7,450

Less: Uncredited cheques

Cheque No. 454777 (5,445)

Balance as per bank statement 12,065

Cash Receipt Journal

Date Details Cheque No. Amount (RM)
November
4 Areena 787852 200
6 Sales 712084 2,442
7 Ieda 414501 2,000
9 Sales 500644 400
15 Sendu Group Bhd. 616877 10,800
27 Azman 110386 2,400
30 Sales 500675 500
18,742

Cash Payment Journal

Date Details Cheque No. Amount (RM)
November
1 Purchases 110381 500
1 Rental 110382 2,640
2 Utility 110383 400
15 Purchases 110384 1,380
20 Purchases 110385 5,000
30 Salary 110387 2,000
11,920
 ACC 106/DEC 2019/QUIZ 2

At the beginning of December 2019, Gemalai Resort Sdn. Bhd. received the bank
statement from Supperrich Bank Berhad for the month of November 2019.

Supperrich Bank Berhad

Bank Statement as at 30 November 2019
Date Description Cheque Debit Credit Balance
No. (RM) (RM) (RM)
November
1 Balance b/f 12,065
1 Deposit 454777 5,445 17,510
1 Cheque clearing 110381 2,500 15,010
1 Cheque clearing 110382 2,460 12,550
2 Deposit 110383 400 12,950
3 Credit transfer 2,100 15,050
4 Deposit 787852 200 15,250
6 Deposit 712084 2,442 17,692
7 Deposit 414501 2,000 19,692
9 Deposit 500644 400 20,092
10 Dishonoured cheque 7,250 12,842
15 Cheque clearing 110384 1,380 11,462
15 Deposit 616877 10,800 22,262
20 Cheque clearing 110385 5,000 17,262
25 Direct debit 1,000 16,262
27 Cheque clearing 110386 2,400 13,862
28 Standing order 850 13,012
30 Bank interest 200 13,212
30 Bank charges 140 13,072

From the above records, Gemalai Resort Sdn. Bhd. noticed several errors.

a) The account clerk had wrongly recorded cheque no. 110386 as receipt instead
of payment.
b) In Cash Payment Journal, the account clerk had wrongly recorded the amount of
cheque no. 110381.
c) The bank had wrongly credited cheque no. 110383 instead of debit.
d) The bank also mistakenly recorded the amount of cheque no. 110382.

Required:

a. Prepare both unadjusted and adjusted cash book.

b. Prepare Bank Reconciliation Statement as at 30 November 2019.

c. Answer questions in i-Learn portal.