ManualAccountingPracticeSet

HiFiWay,AustralasianEdition3

Feedback:Bankreconciliation
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Total 614 1,036

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NowthatyouhavefinishedrecordingallofthetransactionsforthemonthofJune,youarerequiredtoprepareabank
reconciliatonasat30June2014.

Thepurposeofthebankreconciliationprocessistoreconcilethebalanceofcashshowninthecompany'sledger
accountagainstthebalanceofcashreportedinthebankstatement.

Instructionsforbankreconciliation

1) Identifyanyreconcilingitemsandrecordtherelevantreconcilingitemsintheappropriatejournals.Todothis,
youwillneedtouse:

thepreviousmonth'sbankreconciliationstatement,and
thecurrentmonth'sbankstatement

Notethatthegeneraljournalisnotprovidedonthispageofthepracticesetbecauseyouare
requiredtouseotherjournalstorecordthosereconcilingitems.

Whenyouenteritemsintothejournals,ifachequenumberisnotrequired,youneedtofilltheappropriate
inputboxwithanX.

2) Postentriesrecordedinthejournalstotheappropriateledgeraccountsaccordingtothecompany'saccounting
policiesandprocedures.

3) TotaltheCashatBankcolumnsinthespecialjournals.RecordtheamountintheTotalrowofeachjournal.On
thiswebpage,youarenotrequiredtototaltherestofthecolumnsinthespecialjournals.Youwilltotalthese
columnsandpostthemtotheledgerinthenextstageofthepracticeset.

4) PostthetotaloftheCashatBankcolumnsinthespecialjournalstotheircorrespondingledgeraccount.To
confirmthatthepostinghasbeenperformed,apostingreferenceisrecordedinthelastrowofthespecial
 journals.

5) Preparethebankreconciliationstatementasat30June2014.Thebankreconciliationstatementprovidedbelow
maycontainmorerowsthanrequired.

Allanswerscanbeenteredaspositiveornegativenumbersasrequired.

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Pleasenotethatanyanswersfrompreviouspagescarriedthroughontothispage(eitheronthepageorina
popupinformationpage)havebeenreset,ifnecessary,tothecorrectanswers.Yourparticularanswersfrom
previouspagesarenolongershown.

Remember:

Enterallanswerstothenearestwholedollar.
Whencompletingthejournals,ifachequenumberisnotrequired,youneedtofilltheappropriateinputbox
withanX.
Youarealsorequiredtoapplythejournalsandledgersinstructionsprovidedinpreviousweeks.

BeforepressingtheSubmitanswersbutton,werecommendthatyouclicktheShowAlltabandcheckthatall
relevantaccountingrecordshavebeencompleted.

Ifyouwanttoprintthispage,pleasereadandfollowthespecialprintinginformationtoensureyoucanprintthe
specialjournalsinfull.

ShowAll BankReconciliation SpecialJournals SubsidiaryLedgers GeneralLedger

HiFiWay
BankReconciliationStatement
Asat30/06/2014

Balanceasperbankstatement: 90236 CR

Add:
deposit in transit 1292

deposit in transit 2592

deposit in transit 5878

Total 9762

99998 CR

Less:
unpresented cheque No. 908 5298

No.

No.

No.

Total 5298

Adjustedbankbalance 94700 CR

Balanceasperledgeraccount 94700 DR

Feedback

HiFiWay
BankReconciliationStatementasat30/06/2014

Balanceasperbankstatement: 90,236 CR
Add:
depositintransit 1,292
depositintransit 2,592
depositintransit 5,878 9,762
99,998 CR

Less:
unpresentedcheque No.908 5,298 5,298
Adjustedbankbalance 94,700 CR

Balanceasperledgeraccount 94,700 DR

(Q=801.cashJournalsBankRec)

CASHRECEIPTSJOURNAL
Note:Inordertoreceivefullpoints,foreachtransactionyoumustselectanaccountunderthecolumnlabelled
'Account',asindicatedundertheadditionalinstructionsabove.SincealltransactionsinthisjournalaffecttheCash
atBankaccount,youareaskedtoenterthenameoftheappropriateaccountcreditedinthesetransactionsintothe
Accountcolumnsothatthetypeoftransactioncanbedeterminedbythenameoftheaccountenteredintothis
column.

Debit Credit
Post
Date Account Discount Sales Accounts Other
Ref. CashatBank
Allowed Revenue Receivable Accounts

Jun 1 BankLoanPayable 250 53,000 53,000

Jun 5 SalesRevenue X 7,369 7,369
Jun 12 SalesRevenue X 9,898 9,898
Jun 13 ARCHandysElectronics 1101 2,229 248 2,477
Jun 16 ARCRadioHut 1106 600 600
Jun 19 SalesRevenue X 9,312 9,312
Jun 20 ARCJerryTechnology 1103 1,292 1,292
Jun 26 SalesRevenue X 9,649 9,649
Jun 30 ARCHypertronics 1104 2,592 2,592

Jun 30 SalesRevenue X 5,878 5,878

Jun 30 ARCRadioHut 1106 600 0 0 600 0

Jun 30 InterestRevenue 403 217 0 0 0 217

Jun 30

Jun 30

Jun 30

Jun 30
 Total 101436

PostReference ( 100 )

CASHPAYMENTSJOURNAL
Note:Inordertoreceivefullpoints,foreachtransactionyoumustselectanaccountunderthecolumnlabelled
'Account',asindicatedundertheadditionalinstructionsabove.SincealltransactionsinthisjournalaffecttheCash
atBankaccount,youareaskedtoenterthenameoftheappropriateaccountdebitedinthesetransactionsintothe
Accountcolumnsothatthetypeoftransactioncanbedeterminedbythenameoftheaccountenteredintothis
column.

Debit Credit
Cheque Post
Date Account No. Ref. Accounts Other Discount
Payable
Purchases
Accounts
CashatBank
Received

Jun 3 APCPearTechnology 903 2102 2,083 2,062 21

Jun 5 Purchases 904 X 1,620 1,620
Jun 7 APCJCNElectrical 905 2104 2,252 2,207 45
Jun 13 APCPony 906 2105 1,923 1,923
Jun 15 WagesExpense 907 516 5,595 5,595
Jun 25 APCMoonMegasystems 908 2101 5,298 5,298
Jun 28 APCMegaTech 909 2103 2,635 2,635
Jun 29 WagesExpense 910 516 5,137 5,137
Jun 30 SalaryExpense 911 545 5,900 5,900

Jun 30 BankCharges X 572 0 0 6 6 0

Jun 30

Jun 30

Jun 30

Jun 30

Jun 30

Total 32383

PostReference ( 100 )

Feedback

CASHRECEIPTSJOURNAL

Debit Credit
Post
Date Account Cashat Discount Sales Accounts Other
Ref.
Bank Allowed Revenue Receivable Accounts

Jun 1 BankLoanPayable 250 53,000 53,000

Jun 5 SalesRevenue X 7,369 7,369
Jun 12 SalesRevenue X 9,898 9,898
Jun 13 ARCHandysElectronics 1101 2,229 248 2,477
Jun 16 ARCRadioHut 1106 600 600
 Jun 19 SalesRevenue X 9,312 9,312
Jun 20 ARCJerryTechnology 1103 1,292 1,292
Jun 26 SalesRevenue X 9,649 9,649
Jun 30 ARCHypertronics 1104 2,592 2,592
Jun 30 SalesRevenue X 5,878 5,878
Jun 30 ARCRadioHut 1106 600 600
Jun 30 InterestRevenue 403 217 217
Total 101,436
Postreference (100)

CASHPAYMENTSJOURNAL

Debit Credit
Cheque Post
Date Account No. Ref. Accounts Other Cashat Discount
Payable
Purchases
Accounts Bank Received

Jun 3 APCPearTechnology 903 2102 2,083 2,062 21

Jun 5 Purchases 904 X 1,620 1,620
Jun 7 APCJCNElectrical 905 2104 2,252 2,207 45
Jun 13 APCPony 906 2105 1,923 1,923
Jun 15 WagesExpense 907 516 5,595 5,595
Jun 25 APCMoonMegasystems 908 2101 5,298 5,298
Jun 28 APCMegaTech 909 2103 2,635 2,635
Jun 29 WagesExpense 910 516 5,137 5,137
Jun 30 SalaryExpense 911 545 5,900 5,900
Jun 30 BankCharges X 572 6 6
Total 32,383
Postreference (100)

(Q=8031104.AcctsRec4_bankRec)

SUBSIDIARYLEDGERS
Account:ARCHypertronics
AccountNo.1104

Date Description Ref. Debit Credit Balance

May 31 Balance 2,592DR

Jun 30 Repayment CRJ 2,592 0

Jun 30

Jun 30

Jun 30

Feedback

TherearenorelevantentriesintheHypertronicsledgerforthisweek.
 (Q=8031106.AcctsRec6_bankRec)
Account:ARCRadioHut
AccountNo.1106

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 13 Creditsale SJ 680 680DR
Jun 16 Repayment CRJ 600 80DR
Jun 25 Creditsale SJ 720 800DR

Jun 30 Dishonoured Cheque CRJ 600 0 1400 DR

Jun 30

Jun 30

Feedback

Account:ARCRadioHut
AccountNo.1106

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 13 Creditsale SJ 680 680DR
Jun 16 Repayment CRJ 600 80DR
Jun 25 Creditsale SJ 720 800DR
Jun 30 Dishonouredcheque CRJ 600 1,400DR

(Q=804100.CashAtBank_bankRec)

GENERALLEDGER
Account:CashatBank
AccountNo.100

Date Description Ref. Debit Credit Balance

May 31 Balance 25,647DR

Jun 30 Cash Receipts CRJ 101436 0 127083 DR

Jun 30 Cash Payments CPJ 0 32383 94700 DR

Jun 30

Feedback

Account:CashatBank
AccountNo.100

Date Description Ref. Debit Credit Balance

May 31 Balance 25,647DR

Jun 30 Totalfromcashreceiptsjournal CRJ 101,436 127,083DR
Jun 30 Totalfromcashpaymentsjournal CPJ 32,383 94,700DR
 (Q=8041100.ARControl_bankRec)
Account:ARCAccountsReceivableControl
AccountNo.110

Date Description Ref. Debit Credit Balance

May 31 Balance 11,430DR

Jun 12 SalesreturnfromJerryTechnology GJ 3,504 7,926DR

Jun 30

Jun 30

Jun 30

Jun 30

Feedback

TherearenorelevantentriesintheAccountsReceivableControlledgerforthisweek.

(Q=804201.InterestPayable_bankRec)
Account:InterestPayable
AccountNo.225

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun 30

Jun 30

Jun 30

Feedback

TherearenorelevantentriesintheInterestPayableledgerforthisweek.

(Q=804403.InterestRevenue_bankRec)
Account:InterestRevenue
AccountNo.403

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun 30 Interest CRJ 0 217 217 CR

Jun 30

Jun 30

Feedback

Account:InterestRevenue
 AccountNo.403

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 30 Interestreceivedfromthebank CRJ 217 217CR

(Q=804571.InterestExpense_bankRec)
Account:InterestExpense
AccountNo.571

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun 30

Jun 30

Jun 30

Feedback

TherearenorelevantentriesintheInterestExpenseledgerforthisweek.

(Q=804572.BankCharges_bankRec)
Account:BankCharges
AccountNo.572

Date Description Ref. Debit Credit Balance

May 31 Balance 0

Jun 30 Transaction Fee CPJ 6 0 6 DR

Jun 30

Jun 30

Feedback

Account:BankCharges
AccountNo.572

Date Description Ref. Debit Credit Balance

May 31 Balance 0
Jun 30 Transactionfee CPJ 6 6DR

ManualAccountingPracticeSet
HiFiWay,AustralasianEdition3(VBA3p)
2010Perdisco/latin/.v.,learnthoroughly
http://www.perdisco.com
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