GRADE 11
WEEK 4 - Lesson 4 of 4
LESSON
12
BANK RECONCILIATION
CLASS TEST ON BANK RECONCILIATION
12 ACCOUNTING GRADE 11
CAPS
1
ACCOUNTING GRADE 11
CLASS TEST
BANK RECONCILIATION
Total marks 35; time 25 minutes
QUESTION
The following information was taken from the records of Sun Traders.
REQUIRED
1 Complete the Bank account for February 2013
2 Prepare the Bank Reconciliation Statement on 28 February 2013
(23)
(12)
INFORMATION
1 The following Bank Reconciliation Statement appeared in the books of Sun Traders
on 31 January 2013
.
Outstanding deposit
12 040
Outstanding cheques
No 102 (21 August 2012)
136
No 396 (24 February 2013)
2 880
No 410 (20 March 2013)
7 652
2
The bookkeeper closed off the Cash Journals before the Bank Statement was
received. The bank balance on 28 February, after posting the cash journals was
a favourable balance of R21 864
3 The bank statement received from XYZ Bank on 28 February showed a favourable balance of
R10 564.
4 The following items appeared on the Bank Statement but not the cash journals:

Deposit of R12 040

Deposit of R3 840 from a debtor, S Smit

Debit order for R6 400 to Outsurance to pay for insurance on the business vehicles of
R3 800 and the balance on the owner’s private vehicle.

Cheque no 396 appeared on the bank statement as R2 088. The bank entry is correct.
The cheque was used to pay for stationery.
12 ACCOUNTING GRADE 11
CAPS
2
5
6

Unpaid cheque for R4 660. This cheque had been received from B Baloyi in settlement
of his debt of R4 700.

Cheque no 433 for R10 280. The original entry in the CPJ was for R8 280.
The amount in the bank statement is correct. The cheque was issued to pay
for trading stock.

Cheque no 997 for R500. This amount was wrongly debited to our bank account as the
payer was Zibi Traders.

The following charges:
- Service fees
- Cash deposit fee
- Interest on debit balance
R300
R160
R240
The following items appeared in the Cash Journals but not on the Bank Statement:

Cheque No 429 for R9 200 dated 15 March and issued to Walkman Wholesalers.

Cheque No 443 for R900 and dated 28 February 2013 and issued to Seaside Traders.

A deposit on 28 February 2013 for R19 560
Cheque No 102 had been issued to Oldies Homes as a donation.
A new cheque No 444 was issued to Oldies Homes on 28 February for R1 000
as a donation. No entries have been made to record this cheque and it does
not appear on the bank statement.
12 ACCOUNTING GRADE 11
CAPS
3
ACCOUNTING GRADE 11
CLASS TEST
BANK RECONCILIATION
Total marks 35; time 25 minutes
/35
NAME________________________________________________________
GENERAL LEDGER OF SUN TRADERS
BANK
23
BANK RECONCILIATION STATEMENT ON 28 FEBRUARY 2013
Debit
Credit
12
12 ACCOUNTING GRADE 11
CAPS
4
ACCOUNTING GRADE 11
CLASS TEST – BANK RECONCILIATION
MEMO
GENERAL LEDGER OF SUN TRADERS
BANK

2009
Jan 1
Balance
31 Debtors control /
S Smit
Stationery 
21 864
3 840


792
136
Donation 
2009
Jan 31

Insurance 
Drawings
3 800
2 600

Debtors control /
B Baloyi
Trading stock
4 660

2 000

Bank charges
460
Interest on overdraft
240


Donation 
1 000

Balance
c/d
11 872

26 632
Feb
1
Balance
b/d
26 632
11 872

[23]
Bank Reconciliation statement on 28 February 2013
Debit
Credit
Credit balance according to Bank statement
10 564
Credit outstanding deposit
19 560
Credit amount wrongly debited 
500
Debit outstanding cheques: No 429
9 200
No 443
900
No 410
7 652
No 444
1 000
Debit balance according to bank account
11 872
15 312
15 312

if both totals are the same
[12]
12 ACCOUNTING GRADE 11
CAPS
5