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Bank Reconciliation and Petty Cash Assignment

   

Added on  2020-04-15

6 Pages423 Words152 Views
Running head: BANK RECONCILIATION AND PETTY CASHBank reconciliation and petty cashName of the studentName of the universityAuthor note

1BANK RECONCILIATION AND PETTY CASH Table of Contents1.Bank reconciliation statement.............................................................................................22. Importance of bank reconciliation statement for internal control.........................................33. Journal entries........................................................................................................................34. Petty cash balance at the end..................................................................................................4References..................................................................................................................................5

2BANK RECONCILIATION AND PETTY CASH 1.Bank reconciliation statementEnding balance per bank statement$3,876.35 Add: cheque deposited but not cleared by bank$75 Deposit not recorded$700 Service Fees not recorded$25 800.00 4,676.35 Deduct: Wrong amount cleared by the company10cheque issued but bot processed 529.85 Outstanding cheque15002,039.85 Correct cash balance$2,636.50 Ending balance per company records$2,636.50 Add:Wrong amount cleared by the company10cheque issued but bot processed 529.85 Outstanding cheque 15002,039.85 4,676.35

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