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Prepare a reconciliation of the balance

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Question: The Cash Book of J. Carlisle as at 30th June, 1961, showed a balance at the bank of £509. 16. 8. On checking the Bank Statements, the following differences were discovered:

(a) A cheque for £127. 9. 6. sent to Akeswick & Co. had not been presented for payment.

(b) Cash Sales £362. 10, 4. paid into the bank on 30th June, 1961, had not been credited by the bank until 1st July.

(c) Bank Charges amounting to £8. 8. 0. shown in the bank statement had not been entered in the Cash Book.

(d) A cheque for £52. 13. 4. issued to Whitehaven & Co. was paid by the Bank on 15th June, 1961, but had been omitted from the Cash Book.

(e) On 20th June, 1961, a cheque for £10. 10. 0. was received from A. Debtor and duly banked. On 25th June the bank returned the cheque marked "Refer to Drawer", but no record of the dishonour had been made in the Cash Book.

Show the Cash Book with such amendments as are necessary, and prepare a reconciliation of the balance with that shown by the Bank Statement as at 30th June, 1961.

*Re-printed by courtesy of the Royal Society of Arts (R.S.A.).

Reference no: EM131537700

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