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Adjust the cash book balance as necessary

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Reference no: EM132974504

Question - Sunhil's cash book showed a bank overdraft of £6,250 as at 30 April 2021. After comparing his cash book to his bank statement, he discovered the following:

(i) The following standing orders were not recorded in the cash book:

Subscriptions £40

Rent £550

(ii) Deposits of £12,390 had not cleared the bank as at 30 April 2021.

(iii) Bank charges of £11 have been entered twice in the cash book.

(iv) Cheque payments in the cash book of £17,640 had not been presented to the bank by 30 April 2021.

(v) Sunhil had brought forward the balance on his bank account at 1 April 2021 as a favourable balance of £2,100, instead of an overdraft of £2,100.

Required - Adjust the cash book balance as necessary and make a bank reconciliation as at 30 April 2021 identifying the balance per the bank statement.

Reference no: EM132974504

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