Control System : Bank reconciliation statement ：練習問題

When preparing a bank reconciliation statement, which of the following is the most appropriate reason for the cash book balance to differ from the bank statement balance without requiring an adjustment in the cash book?

Which of the following is the primary purpose of preparing a bank reconciliation statement?

When preparing a bank reconciliation statement starting from the adjusted cash book balance to find the bank statement balance, how should 'unpresented cheques' and 'deposits not yet credited' be treated?

Which of the following items requires an adjustment in the cash book before the bank reconciliation statement is prepared?

Which of the following items requires an adjustment to be made in the cash book before a bank reconciliation statement is prepared?

Identify one common reason for a difference between the cash book balance and the bank statement balance, and explain how it is adjusted in a bank reconciliation statement.

Evergreen Trading Co. prepares a bank reconciliation statement at the end of each month. On 31 May 2024, the cash book (bank column) showed a debit balance of $$HK\$28,750$$. The bank statement on the same date showed a credit balance of $$HK\$29,530$$.

Upon comparison, the following discrepancies were identified:

• (i) Cheques amounting to $$HK\$6,200$$ were issued to various suppliers on 28 May 2024 but had not yet been presented to the bank for payment.

• (ii) Deposits totaling $$HK\$4,150$$ made by the company on 30 May 2024 were not yet credited by the bank.

• (iii) Bank charges of $$HK\$120$$ appeared on the bank statement but were not recorded in the cash book.

• (iv) Interest on bank deposit amounting to $$HK\$30$$ was credited by the bank but not yet recorded in the cash book.

• (v) A direct debit for electricity bill of $$HK\$780$$ was shown in the bank statement but not yet recorded in the cash book.

• (vi) A cheque received from customer P. Chan for $$HK\$1,800$$ was entered into the cash book as a payment instead of a receipt.

• (vii) A customer cheque for $$HK\$2,500$$ that was deposited and recorded in the cash book was dishonoured by the bank due to insufficient funds. No entry has been made in the cash book for this.

• (viii) The bank erroneously debited Evergreen Trading Co.'s account with $$HK\$1,500$$ which was a cheque issued by 'Sunny Co.'.

Required:

(a) Prepare the updated cash book (bank column only) for Evergreen Trading Co. for the month ended 31 May 2024 to determine the correct cash balance.

(b) Prepare a bank reconciliation statement for Evergreen Trading Co. as at 31 May 2024, starting with the balance as per bank statement, to reconcile to the correct cash balance.