On April 30, 2020, Dream Traders’ books show a cash book balance of OMR 3,335. As per the bank statement the balance on April 30, 2020 was 2,125. An investigation on the difference between two sums established the following details:a) Cheque No. 315 for OMR xx is outstanding.b) While comparing the issued checks with accounting records, it is found that a cheque drawn for OMR 500 in payment of building insurance is wrongly recorded as OMR 400.c) A deposit of OMR xx made after banking hours on April 30 is not seen in the bank records.d) It is revealed that a cheque written by Drums Traders for OMR xx is incorrectly drawn against Dreams Traders.e) ETF (Electronic Fund Transfer) payment for audit services OMR xx is not recorded in the company records.f) A cheque issued to a supplier for OMR 565, cleared by the bank, is incorrectly recorded by the company as OMR 556.Required:Prepare a bank reconciliation statement for Dream Traders for the month of April 2020. Note: Before you begin, fill the highlighted fields with imaginary amounts. Make sure that the adjusted cash balance and bank balances are same after reconciliation.
On April 30, 2020, Dream Traders’ books show a
a) Cheque No. 315 for OMR xx is outstanding.
b) While comparing the issued checks with accounting records, it is found that a cheque drawn for OMR 500 in payment of building insurance is wrongly recorded as OMR 400.
c) A deposit of OMR xx made after banking hours on April 30 is not seen in the bank records.
d) It is revealed that a cheque written by Drums Traders for OMR xx is incorrectly drawn against Dreams Traders.
e) ETF (Electronic Fund Transfer) payment for audit services OMR xx is not recorded in the company records.
f) A cheque issued to a supplier for OMR 565, cleared by the bank, is incorrectly recorded by the company as OMR 556.
Required:
Prepare a
Note: Before you begin, fill the highlighted fields with imaginary amounts. Make sure that the adjusted cash balance and bank balances are same after reconciliation.
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