Module 8: Bank reconciliation


Activity 8.8


Use the information of Faadiel’s Foods to: 1. Make supplementary entries in the Cash Receipts Journal and Cash Payments Journals of Aurora Pet Shop; close off the journals.


2. Post to the Bank account in the General Ledger and balance the Bank account. 3. Draw up a Bank Reconciliation Statement on July 20.1.


Information 1. The bank account had a debit balance of R33 400 on 1 July 20.1. 2. The bank statement showed a credit balance of R30 270 on 31 July 20.1. 3. Cash Receipts Journal – column totals on 31 October 20.1: a) Bank


R21 010


b) Trade Receivables Control R6 890 c) Sales


d) Sundry accounts b) Trade Receivables Control e) Sundry accounts


b) Service fees c) Cheque books


d) Interest on overdraft


R8 560 R5 560


4. Cash Payments Journal – column totals on 31 October 20.1: a) Bank


R30 500 R-


c) Trade Payables Control R8 520 d) Purchases


R5 460 R16 520


5. The bank debited Aurora Pet Shop’s current account with the following: a) Tax levy


R35


R425 R40


R200


6. A deposit of R8 450 has not yet been credited on the bank statement. 7. A cheque for R1 600 received from debtor, A Bruyns, was dishonoured by the bank due to insufficient funds.


8. The following cheques have not yet been presented for payment. No. 895 – R9 390 No. 899 – R5 320


9. The bank statement showed a debtor order of R2 000 in favour of Jet. This is for the owner’s personal clothing account.


10. The bank statement showed a stop order for R6 500 for insurance premium to Lamsun. 11. The bank statement showed a deposit for R3 700. It was paid directly into the bank account of Faadiel’s Foods by M Meyer for rent.


12. Cheque no. 980 to the value of R7 200 got lost in the post. It was sent to Game as part settlement of our account. Cancel the cheque, a new one will be issued in August 20.1.


155


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144  |  Page 145  |  Page 146  |  Page 147  |  Page 148  |  Page 149  |  Page 150  |  Page 151  |  Page 152  |  Page 153  |  Page 154  |  Page 155  |  Page 156  |  Page 157  |  Page 158  |  Page 159  |  Page 160  |  Page 161  |  Page 162  |  Page 163  |  Page 164  |  Page 165  |  Page 166  |  Page 167  |  Page 168  |  Page 169  |  Page 170  |  Page 171  |  Page 172  |  Page 173  |  Page 174  |  Page 175  |  Page 176  |  Page 177  |  Page 178  |  Page 179  |  Page 180  |  Page 181  |  Page 182  |  Page 183  |  Page 184  |  Page 185  |  Page 186  |  Page 187  |  Page 188  |  Page 189  |  Page 190  |  Page 191  |  Page 192  |  Page 193  |  Page 194  |  Page 195  |  Page 196  |  Page 197  |  Page 198  |  Page 199  |  Page 200  |  Page 201  |  Page 202