c






 
  


 The cashbook shows a bank balance of $5,675 overdrawn at 31 August 2005. It is subsequently
discovered that a standing order for $125 has been entered twice, and that a dishonored for
$450 has been debited in the cashbook instead of credited.
c


 
 



A $5,100 overdrawn
B $6,000 overdrawn
C $6,250 overdrawn
D $6,450 overdrawn

 The bank statement on 31 October 2007 showed an overdraft of $800. On reconciling the bank
statement, it was discovered that a cheque drawn by a company for $80 had not been
presented for payment and that a cheque for $130 form a customer had been dishonored on 30
October 2007.
c


 
 







 







A $1,010 overdrawn
B $880 overdrawn
C $750 overdrawn
D $720 overdrawn

The cash book of Pink Ltd shows a balance of $1,000 credit while the bank statement on the
same date shows balance $700 credit







 

A Outstanding lodgment of $300
B Un-presented cheques of $300
C Outstanding lodgments of $1,700
D Un-presented cheques of $1,700






c


 


 
  


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

Bank reconciliation 30 September 2002

$
Balance per bank statement (overdrawn) 36,840
Add: Lodgments credited after date 51,240
88,080
Less: Outstanding cheques 43,620
Balance per cash book (credit) 44,460

Assuming the amounts stated for items other than the cash book balance are correct.







 


A $44,460 credit as stated
B $60,020 credit
C $29,220 debit
D $29,220 credit

! Sigma͛s bank statement shows an overdrawn balance of $38,600 at 30 June 2005. A check
against the company͛s cash book revealed the following differences:
1. Bank charges of $200 have not been entered in the cash book.
2. Lodgments recorded on 30 June 2005 but credited by the bank on 2 July $14,700.
3. Cheque payments entered in cash book but not presented for payment at 30 June 2005
$27,800.
4. A cheque payment to a supplier of $4,200 charged to the account in June 2005 recorded in
the cash book as a receipt.




 
 "







 
#$#
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&



A $43,100 overdrawn
B $16,900 overdrawn
C $60,300 overdrawn
D $34,100 overdrawn
c


 


 
  


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++

· To identify entries which have been generated by the bank, but not recorded in the cash
book
· To identify errors in the entries in the cash book

 Linda found the following when carrying out her bank reconciliation:

 






,


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- .
( 
(

· A cheque for $7,523 has been presented at the bank

· A cheque for $560 has been incorrectly recorded as $650 in Linda͛s ledger

Ä You are preparing a client͛s final accounts. You know that the client͛s bookkeeper has correctly
completed a reconciliation of the bank balance in the general ledger to the balance on bank
statement.
The balances from the general ledger and the bank statement are:

General ledger balance $2,358 (credit)

Bank Statement balance $1,053 (debit)
The difference between the two balances is explained by unpresented cheques and outstanding
lodgments.




 
 

+




 
 


A As a current asset of $1,053

B As a current liability of $1,053

C As a current asset of $2,358

D As a current liability of $2,358