a

The need for Alfredo Enterprise to prepare a bank resonaliation statement is so ensure
that the cash balance as
per
the
company's
records matches the cash balance

bank's records This is important because there

as
per the may
be
discrepancies between the two records due to timing differenes errors in
transactions or other factors A bank reconciliation statement
recording
helps identify andcorrect these discrepancies which ensures the

of the company's
financialrecords andhelps peat fraud
accuracy

b Statement for the month of Dec 21

Debit sich of cash book DM18,833.50 RY
Add not credited bybak 3,5187550 4,068
Deposits

Add Cheques notpresentedforpayment 1,500 2,500 9,000

Add Dieb payment by bak 250
Add Error in recordingofdepositbyaccount Merk 100
lass Error in recording of depositby bat 300
Less Dishonoured cheque 600
Less Bankcharges service tax 100.180 280

Total creditasper cash book 25,310.50

Credit balance per as bankstatement 25,310.50
Less Chequeincorrectly 25
Less Direct transfer unrecorded 5,000
Tot debit bake as
per bat
stabil 20,285.50

Difference RM 25,310.50 20,285.50 5,025

could be sosiderdason outstanding cheque or unrecordeddepositby the bah
24
3016119 Allowance
forexpectedcreditloss a tradereceivables 3,600
Trade receivables 36900
1 2 21 Trade receivables
Allowance
forexpectedcreditloss a tradereceivables 2,000

b
Expected credit loss
1 of trade receivables balance

1 of DM380,000 3,800
c

30 6 19 Allowance
forexpectedcreditloss ontradereceivables 3.600
Trade receivables 369000
30 6 120 Allowance
forexpectedcreditloss ontradereceivables 3,800
Trade receivables 380,000

30 6 21 Allowance
forexpectedcreditloss on tradereceivables 3,400
Trade receivables 340,000
1 7 21 Trade receivables 2,000
Allowance
forexpectedcreditloss a tradereceivables 2000
d SoPL
Mee

Trade receivables before impairment 340,000

Impairment oftrade receivables 8,000

Trade receivables after impairment 332,000

SoFP
Mee

Trade receivables before impairment 340,000

forexpectedcreditloss a
Allowance tradereceivables
3,400
Trade receivables In 3361600