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learn BRS in 30 minutes and get a distinction

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  • June 6, 2021
  • 1
  • 2020/2021
  • Interview
  • Unknown
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simelanenhlanhlasiyabonga
15 April 2021 Activity 1 Solution

Bank Account
Balance 500 Cash Payment Journal (Given) 4 830
Cash Receipts Journal (Given) 6 230 Insurance 1 100
Debtors control (B Smith) 1 300 Service fee 50
Debtors control (P Pienaar) 3 600 Balance 5 650
11 630 11 630
Balance 5 650


Bank reconciliation statement of cosmopolitan traders for 31 October 2019.

R

Debit/Credit balance as per bank statement 7 010

Deposits not yet credited by bank 1 030

Outstanding payments: (2 420)

No.04 (600)

No.07 (1 500)

No.08 (320)

Debit amount incorrectly credited (4 100 - 1400) (2700)

Credit amount incorrectly debited (EFT No 66) 3 000

Incorrect debit amount (410 -140) (270)

Favorable Balance as per bank account (7 010 + 1 030 – 2 420 – 2 700 + (5 650)

3 000 – 270)

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