. Balance at bank as per bank statement . Do it Yourself You are a trainee accountant for Kamraj Limited, a small printing company. One of your tasks is to enter transactions in the company’s cash book, check the entries on receipt of the bank statement, update the cash book and make any amendments as necessary.
You are then asked to prepare a bank reconciliation statement at the end of the month. The company’s cash book (showing the bank money columns only) and the bank statement are given on page no. (refer exhibit ). You are required to : compare the cash book with the bank statement as on August , (refer exhibit on page no.
). Make the entries necessary to update the cash book. Calculate the adjusted bank balance as per cash book. Kamraj Ltd.
– Cash Book Bank Bank Aug. Balance b/d , Aug. XYZ Insurance Aug. Kapoor & Co.
Aug. Nanda & Co. 200100 Aug. V.
S. Rao Aug. Daily Ltd. 200101 Aug.
S. K. Alok Aug. Garage Charges 200102 Aug.
E. Norries Ltd. Aug. M.D.
Finance Aug. Samaira Ltd. Aug. Hill Bros 200103 Aug.
Harsh Vardan Aug. Akshey Ltd. 200104 Aug. IBP Partners Aug.
Kalakriti Ltd. Aug. Balance c/d , , , Sep. Balance b/d , Exhibit ABC STATEMENT , Mall Road, Gurgaon.
Account Kamraj Limited Account No. 78300582 August , Debit Credit Balance Aug. Balance , CR Aug. Cheques , CR Aug.
XYZ Insurance (DD) , CR Aug. 200101 , CR Aug. V. S.
Rao , CR Aug. Cheques , CR Aug. 200102 , CR Aug. Cheques , CR Aug.
N. P. Finance (SO) , CR Aug. Cheques , CR Aug.
Kalakriti Ltd. , CR Aug. Tony Bros , CR Aug.