Bank and Cash Substantive
Balance as at 31 December 2021 - $700,000
Cash in Hand
$
50,000
Cash at Bank
ABL
UBL
SCB
250,000
180,000
220,000
Bank Confirmation Letter – Contents
1. No. of bank accounts
2. Title of accounts
7. no of loans outstanding
8. outstanding balance of loan
3. Balance at year end
9. Nature of loans
4. No. of accounts opened and closed
10. Assets held as security
during the year
5. Accounts with nil balances
6. Nature of accounts
Bank Reconciliation Statement
Balance as per the bank statement as at 31 Dec 2021
$39,000
Add cheques deposited by client but not credited by bank
$5,000
Add bank charges not recorded in the cash book
$70
Less cheques issued by client but not presented to the bank
($9,500)
Balance as per the cash book as at 31 Dec 2021
$34,570
Intangible Non-Current Assets Substantive
Research and Development as at 31 December 2021 $670,000
1. Break up Schedule
2. Classification
3. Probable economic benefits
4. Intention
5. Resources
6. Ability
7. Technical feasibility
8 Expense measured reliably
9. Amortization
10. useful life
11. Disclosures
Acquired Patents as at 31 December 2021 $1.1m
1. Cost:
2. Approval:
3. Right:
4. Amortization: