Business, 09.02.2021 14:50 giovney

The summary of the bank column in the cash book For the year ending 30 November 2016 is as follows: Tshs.
Opening balance 16,540
Receipts 3,324,780
3,341,320
Payments 3,167,350
Closing balance 173,970

Your investigation of the accounting records for the period reveals the following information.
Cheques paid to suppliers of Tshs. 14,350 have not yet been presented at the bank, and cheques paid into the Bank of Tshs.16,200 on November 30, 2016 have not yet been credited to the company’s account
Standing order entered in the bank statement have been omitted from the cash book in respect of lease payments on company car. 12 months at Tshs.960 per month, and annual insurance of Tshs.1,500
Bank charges of Tshs.4,520 shown in bank statement have not been entered in cash book
A cheque drawn for Tshs.1,270 has been entered in the cash book as Tshs.1,720, and a cash book page on the receipts side has been under added by Tshs.2,000
A cheque for Tshs.2,380 has been debited to the company’s bank account in error by the bank
The bank statement shows a favourable balance as at 30th November 2016 of Tshs.154,650

REQUIRED
Bank reconciliation statement as at 30th November 2016 together with a corrected cash book position.

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The summary of the bank column in the cash book For the year ending 30 November 2016 is as follows:...

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