GRADE 11
LESSON
WEEK 4 - Lesson 1 of 4
9
BANK RECONCILIATION
WORKSHEET 10
ACTIVITY 6
The bookkeeper of Tree Truck Traders is unsure of how to reconcile the journals
with the bank statement on 31 August 2013.
REQUIRED
Use the table provided to assist the bookkeeper what amounts and details should
appear in the:
Cash Receipt Journal
Cash Payment Journal
Bank Reconciliation statement
If no entry is required, indicate in the “No entry” column.
INFORMATION
1 A deposit of R850 by a debtor whose account has previously been written off
as bad debt, appears only on the bank statement of August 2013.
2 The deposit of R7 300 that appeared in the CRJ on 31 August did not appear
in the bank statement of August.
3 Cheque no 960 for R400 appeared on the bank statement of August but not
in the CPJ for August. The cheque appeared in the Bank Reconciliation
statement of July.
4 Cheque no 760 issue to a creditor appeared in the CPJ as R960. The correct
amount appeared in the bank statement as R930.
5 The following items appeared in the bank statement for August but not in the
cash journals;
Service fees
R800
Credit card charges
R320
Interest on favourable balance
R150
Cash handling fees
R260
9 ACCOUNTING GRADE 11
CAPS
1
6 Cheque no 740 for R480 issued to B Smit for repairs to the building appeared
in the CPJ but not in the bank statement.
7 A debit order for R320 for the monthly payment of insurance only appears in
the bank statement.
8 Cheque no 98 for R500 dated 15 January does still not appear in the bank
statement for August. The cheque was a donation to Baloyi Primary School.
9 A cheque for R600 received from a debtor and deposited appeared in the bank
statement of August as unpaid.
10 Received a cheque from a debtor dated 30 September for R450 in settlement
of his account of R480. This cheque did not appear in the cash journals nor
the bank statement.
11 The bookkeeper has not yet recorded a cheque for R1 000 drawn by the
owner for personal use.
12 A cheque for R400 issued on 31 July issued to Tshwane Metro for rates was
lost in the post. On 31 August it was decided to cancel the cheque and issue
a new cheque for July and August. Rates stay constant throughout the year.
ANSWER
No
No
entry
Entry in
Cash Receipt Journal
Amount
Details
Entry in
Cash Payment Journal
Amount
Details
Entry in the
Bank Reconciliation
Statement
Amount
Details
1
2
3
4
5
6
7
8
9
10
11
12
9 ACCOUNTING GRADE 11
CAPS
2
LESSON
ANSWERS
9
ACTIVITY 6
No
No
entry
1
Entry in
Cash Receipt Journal
Amount
Details
Bad debt
850
recovered
Entry in
Cash Payment Journal
Amount
Details
2
Entry in
Bank Reconciliation
Statement
Amount
Details
7 300
Outstanding
deposit
480
Outstanding
cheque
X
3
4
30
5
150
Creditors control
Interest on current
account
1 380
Bank charges
6
7
8
500
380
Insurance
600
Debtors
control
(R/D cheque)
Donations
(stale cheque)
9
X
10
11
12
1 000
400
Rates
(lost cheque)
9 ACCOUNTING GRADE 11
CAPS
800
Drawings
Rates
1 000
800
Outstanding
cheque
Outstanding
cheque
3