Question

QUESTION 19 Dansoah & Co provides you with the following extracts from their cash book and the accompanying bank statement for the month of May 2010 Cash Book (Bank column) GH ¢ 3,000 02.05.10 Kat (TTcheque01022) 4,00 04.05.10 Kru(TT chequex1155) 82,000 02.05.10 Aku (GCB cheq 4001) 60,000 09.05.10 GLtd (TT cheq x1157) 170,000 07.05.10 Jim (TT chequ 02011)38,000 18.05.10 T&Co (TT cheq 1160) 136,000 10.05.10Tom(GCB cheq 5033) 54,000 20.05.10 Maa (TT cheq x1159) 8,000 17.05.10BLtd (GG cheq b2211) 82,000 22.05.10 ECG (TT cheqx1162) 12,000 223,000 634,000 01.05.10 Balance b/d 360,000 02.05.10 Salaries 31.05.10 Balance c/d 634,000 01.06.10 Balance b/d 223,000 Dansoah & Co A/C no. Q4001

QUESTION 19 Dansoah & Co provides you with the following extracts from their cash book and the accompanying bank statement for the month of May 2010 Cash Book (Bank column) GH ¢ 3,000 02.05.10 Kat (TTcheque01022) 4,00 04.05.10 Kru(TT chequex1155) 82,000 02.05.10 Aku (GCB cheq 4001) 60,000 09.05.10 GLtd (TT cheq x1157) 170,000 07.05.10 Jim (TT chequ 02011)38,000 18.05.10 T&Co (TT cheq 1160) 136,000 10.05.10Tom(GCB cheq 5033) 54,000 20.05.10 Maa (TT cheq x1159) 8,000 17.05.10BLtd (GG cheq b2211) 82,000 22.05.10 ECG (TT cheqx1162) 12,000 223,000 634,000 01.05.10 Balance b/d 360,000 02.05.10 Salaries 31.05.10 Balance c/d 634,000 01.06.10 Balance b/d 223,000 Dansoah & Co A/C no. Q4001

Answer 1

ADJUSTED CASH BOOK(bank column)

Date	particulars	amount	Date	particulars	amount
1.5.10	balance b/d	360,0000	4.5.10	Salaries	3,000
2.5.10	Barcyls cheque 00211(Joe)	110,000	5.5.10	kru	84,000
4.5.10	Kat (TT cheque 01022)	40,000	9.5.10	G ltd	168,000
8.5.10	Aku	60,000	13.5.10	Drawings	3,000
8.5.10	Pee	24,000	24.5.10	ECG	12,000
12.5.10	Jim	38,000	24.5.10	G bank a/c	4,000
17.5.10	CG cheque	20,000	28.5.10	Bank charges	1400
27.5.10	Interest	1,800	28.5.10	Tetteh	36,000
			31.5.10	balance c/d	342,400
	Total	653,800			653,800

Bank Reconciliation Statement

Balance as per cash book(a)		223,000
Add: Interest deposited in bank account not recorded in cash book	1,800
Amount directly deposited in bank account not recorded in cash book (1,10,000+24000+20000)	154,000
Cheques issued but not presented for payment G ltd	2,000
Cheques issued but not presented for payment T& C co	136,000
Cheques issued but not presented for payment maa ltd	8,000
Total(b)		301,800
Less:
Cheques received but no deposited	54,000
Cheques received but not deposited	82,000
Cheques issued but not recorded in cash book Kru	2,000
Drawings	3,000
Cheques issued but not recorded G bank account	4,000
Bank charges	1,400
Payment for goods not recorded in cash book	36,000
Total (c)		(182,400)
Total (a+b-c) closing balance as per pass book		342,400

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