Review Questions

Volume 1 - Chapter 30

1. The following are extracts from the cashbook and the bank statement of R
Kirk.

You are required to:

(a) Write up the cashbook up to date and state the new balance as on 31 August
20X2.
(b) Draw up a bank reconciliation statement as on 31 August 20X2.

Cashbook
20X2 Dr £ 20X2 Cr £
Aug 1 Balance b/d 54 Aug 8 S Mallinder 182
Aug 8 C Watson 94 Aug 21 M Green 35
Aug 14 A Millington 113 Aug 28 R Keenan 74
Aug 27 T Wright 265 Aug 31 Balance c/d 235
526 526

Dr Cr Balance
20X2 £ £ £
Aug 1 Balance b/d 54
Aug 11 C Watson 94 148
Aug 12 S Mallinder 182 34 o/d
Aug 16 Bank charges 45 79 o/d
Aug 18 A Millington 113 34
Aug 24 M Green 35 1 o/d
Aug 29 Credit transfer: ABC Ltd 55 54

2. The bank columns in the cash book for February 20X5 and the bank statement for
that month for C Fletcher are:

Cashbook
20X5 Dr £ 20X5 Cr £
Feb 5 G Peggs 80 Feb 1 Balance b/d 110
Feb 14 B Hughes 115 Feb 4 J Moore 74
Feb 18 N Renton 86 Feb 21 S Nower 95
Feb 25 S Palmer 190 Feb 24 L Davies 167
Feb 26 I Thompson 64 Feb 28 Balance c/d 89
535 535
 Bank Statement
Dr Cr Balance
20X2 £ £ £
Feb 1 Balance b/d 110 (Dr)
Feb 8 J Moore 74 184 (Dr)
Feb 9 G Peggs 80 104 (Dr)
Feb 11 Bank charges 41 145 (Dr)
Feb 18 Standing order: M Chase 75 220 (Dr)
Feb 19 B Hughes 115 105 (Dr)
Feb 24 S Nower 95 200 (Dr)
Feb 25 N Renton 86 114 (Dr)
Feb 29 Dividends 22 92 (Dr)

You are required to:

(a) Write up the cashbook up to date and state the new balance as on 28 February
20X2.
(b) Draw up a bank reconciliation statement as on 28 February 20X2.

3. The following are extracts from the cashbook and the bank
statement of M Dicken

You are required to:

(a) Write up the cashbook up to date and state the new balance as on 31 October
20X2.
(b) Draw up a bank reconciliation statement as on 31 October 20X2