TUTORIAL CHAPTER 7

(BANK RECONCILIATION STATEMENT)

QUESTION 1

Azam Enterprise has prepared the Cash Book as shown:

Cash book (Bank Column)
2020 RM 2020 RM
1/3 Balance b/d 41,530.00 8/3 Berjaya Trading – 12,000.00
Chq.No.131250
8/3 Amigo Sdn Bhd – 14,320.00 8/3 TNB-Electricity - 6,210.60
Sales (BSN250255) Chq.No.131251
18/3 Busma Enterprise – 427.00 15/3 Tenaga Arus – Purchase 7,800.50
Sales (BMB246521) Chq.No.131252
31/3 Shamilar Tours - Sales 10,000.00 16/3 Ah Hock Hardware 15,200.00
(BMB246102)
28/3 Salary & wages – 20,090.10
ChqNo.131253
31/3 Balance c/d 4,975.80
66,277.00 66,277.00

On 3 April 2020, Azam Enterprise received a bank statement for the month of March 2020.
The bank statement showed the following details:
BANK MUAMALAT BERHAD
Bank Statement as at 31 March 2020
Date Particulars Cheque No. DR CR BALANCE
RM RM RM
1 March Balance 41,530.00 CR
3 March Credit transfer 2,750.70 44,280.70 CR
8 March Cheque 131251 6,210.60 38,070.10 CR
8 March Deposit BSN250255 14,320.00 52,390.10 CR
15 March Deposit BIB121304 1,000.00 53,390.10 CR
18 March Deposit BMB246521 427.00 53,817.10 CR
19 March Cheque returned 427.00 53,390.10 CR
BMB246521
19 March Deposit BMB246102 15,200.00 68,590.10 CR
30 March Cheque 131253 20,090.10 48,500.00 CR
31 March Bank charges 15.00 48,485.00 CR
31 March Dividend/interest 53.20 48,538.20 CR
31 March Credit transfer 1,500.00 50,038.20 CR

Note:
i. A cheque received from Ah Hock Hardware amounted to RM15,200 was mistakenly
recorded by Azam Enterprise’s account clerk as a payment of 15,200.
ii. After checking with the bank, it has been confirmed that the bank had wrongly credited
a deposit on 15 March 2020 worth RM1,000 which actually belongs to Azami
Enterprise.
Required:
a. Prepare an adjusted Cashbook (Bank Column).
b. Prepare the bank reconciliation statement as at 31 March 2020.
QUESTION 2

The following is the bank statement of Wawa Trading on 3rd November 2021.

Date Particulars Cheque No. DR CR BALANCE

RM RM RM
02 October Balance b/d 2,000.00 CR
03 October Cheque 1080 350.00 1,650.00 CR
07 October Cheque 1081 200.00 1,450.00 CR
09 October Cheque 123 1,000.00 2,450.00 CR
10 October Cheque 1084 300.00 2,150.00 CR
11 October Cheque 1083 150.00 2,000.00 CR
13 October Cheque 456 600.00 2,600.00 CR
14 October Cheque 1082 500.00 2,100.00 CR
23 October Cheque 789 700.00 2,800.00 CR
26 October Standing order 300.00 2,500.00 CR
28 October Cheque 3456 1,000.00 3,500.00 CR
29 October Credit transfer 450.00 3,950.00 CR
30 October Bank charges 10.00 3,940.00 CR
30 October Direct debit 940.00 3,000.00 CR

The following is the cash book (bank column only) extract from Wawa Trading:

2021 RM 2021 RM
01/10 Balance b/d 2,000.00 02/1 X Bhd (Chq.No.1080) 350.00
0
05/10 J Bhd (Chq.No.123) 1,000.00 03/1 Y Bhd (Chq.No.1081) 200.00
0
11/10 K Bhd (Chq.No.456) 600.00 04/1 N Bhd (Chq.No.1082) 500.00
0
21/10 L Bhd (Chq.No.789) 900.00 05/1 Z Bhd (Chq.No.1083) 150.00
0
25/10 J Bhd (Chq.No.3456) 1,000.00 09/1 M Bhd (Chq.No.1084) 800.00
0
28/10 G Bhd (Chq.No.678) 500.00 16/1 A Bhd (Chq.No.1085) 800.00
0
30/10 H Bhd (Chq.No.567) 400.00 26/1 B Bhd (Chq.No.1086) 1,500.00
0
30/1 C Bhd (Chq.No.1087) 900.00
0
30/1 Balance c/d 1,200.00
0
6,400.00 6,400.00

Additional information:

Upon examining the bank statement and cashbook, the treasurer of Wawa Trading
discovered:

i. The bank had recorded cheque no. 1084 paid to supplier as RM300, whent it should
have been RM800.
ii. A cheque received (No.789) for RM700 had been recorded by Wawa Trading as
RM900.00

Required:
a. Prepare an adjusted Cashbook (Bank Column).

b. Prepare the bank reconciliation statement as at 30 October 2021.