ManualAccountingPracticeSet

HiFiWay,AustralasianEdition3

Feedback:Bankreconciliation
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NowthatyouhavefinishedrecordingallofthetransactionsforthemonthofJune,youarerequiredtoprepareabank
reconciliatonasat30June2014.
Thepurposeofthebankreconciliationprocessistoreconcilethebalanceofcashshowninthecompany'sledger
accountagainstthebalanceofcashreportedinthebankstatement.
Instructionsforbankreconciliation
1) Identifyanyreconcilingitemsandrecordtherelevantreconcilingitemsintheappropriatejournals.Todothis,
youwillneedtouse:
thepreviousmonth'sbankreconciliationstatement,and
thecurrentmonth'sbankstatement

Notethatthegeneraljournalisnotprovidedonthispageofthepracticesetbecauseyouare
requiredtouseotherjournalstorecordthosereconcilingitems.
Whenyouenteritemsintothejournals,ifachequenumberisnotrequired,youneedtofilltheappropriate
inputboxwithanX.
2) Postentriesrecordedinthejournalstotheappropriateledgeraccountsaccordingtothecompany'saccounting
policiesandprocedures.
3) TotaltheCashatBankcolumnsinthespecialjournals.RecordtheamountintheTotalrowofeachjournal.On
thiswebpage,youarenotrequiredtototaltherestofthecolumnsinthespecialjournals.Youwilltotalthese
columnsandpostthemtotheledgerinthenextstageofthepracticeset.
4) PostthetotaloftheCashatBankcolumnsinthespecialjournalstotheircorrespondingledgeraccount.To
confirmthatthepostinghasbeenperformed,apostingreferenceisrecordedinthelastrowofthespecial

journals.
5) Preparethebankreconciliationstatementasat30June2014.Thebankreconciliationstatementprovidedbelow
maycontainmorerowsthanrequired.
Allanswerscanbeenteredaspositiveornegativenumbersasrequired.
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Pleasenotethatanyanswersfrompreviouspagescarriedthroughontothispage(eitheronthepageorina
popupinformationpage)havebeenreset,ifnecessary,tothecorrectanswers.Yourparticularanswersfrom
previouspagesarenolongershown.
Remember:
Enterallanswerstothenearestwholedollar.
Whencompletingthejournals,ifachequenumberisnotrequired,youneedtofilltheappropriateinputbox
withanX.
Youarealsorequiredtoapplythejournalsandledgersinstructionsprovidedinpreviousweeks.
BeforepressingtheSubmitanswersbutton,werecommendthatyouclicktheShowAlltabandcheckthatall
relevantaccountingrecordshavebeencompleted.
Ifyouwanttoprintthispage,pleasereadandfollowthespecialprintinginformationtoensureyoucanprintthe
specialjournalsinfull.

ShowAll BankReconciliation

SpecialJournals

SubsidiaryLedgers

HiFiWay
BankReconciliationStatement
Asat30/06/2014
Balanceasperbankstatement:

90236 CR

Add:
deposit in transit

1292

deposit in transit

2592

deposit in transit

5878

Total

9762

99998 CR

Less:
unpresented cheque

Total

Adjustedbankbalance

No.

908

5298

No.

No.

No.

5298

94700 CR

Balanceasperledgeraccount

94700 DR

GeneralLedger

Feedback

HiFiWay
BankReconciliationStatementasat30/06/2014

Balanceasperbankstatement:
Add:
depositintransit
depositintransit
depositintransit

90,236 CR

1,292

2,592

5,878 9,762
99,998 CR

Less:
unpresentedcheque
Adjustedbankbalance

No.908 5,298 5,298

94,700 CR

94,700 DR

Balanceasperledgeraccount

(Q=801.cashJournalsBankRec)

CASHRECEIPTSJOURNAL
Note:Inordertoreceivefullpoints,foreachtransactionyoumustselectanaccountunderthecolumnlabelled
'Account',asindicatedundertheadditionalinstructionsabove.SincealltransactionsinthisjournalaffecttheCash
atBankaccount,youareaskedtoenterthenameoftheappropriateaccountcreditedinthesetransactionsintothe
Accountcolumnsothatthetypeoftransactioncanbedeterminedbythenameoftheaccountenteredintothis
column.

Date

Account

Post
Ref.

Debit

Credit

CashatBank

Discount
Allowed

Sales
Accounts
Other

Revenue Receivable Accounts

250

53,000

53,000

Jun

1 BankLoanPayable

Jun

5 SalesRevenue

7,369

7,369

Jun 12 SalesRevenue

9,898

9,898

Jun 13 ARCHandysElectronics

1101

2,229

248

2,477

Jun 16 ARCRadioHut

1106

600

600

9,312

9,312

1103

1,292

1,292

9,649

9,649

1104

2,592

2,592

5,878

5,878

Jun 19 SalesRevenue
Jun 20 ARCJerryTechnology
Jun 26 SalesRevenue
Jun 30 ARCHypertronics
Jun 30 SalesRevenue
Jun 30 ARCRadioHut
Jun 30 InterestRevenue
Jun 30
Jun 30
Jun 30
Jun 30

1106

600

600

403

217

217

Total
PostReference

101436

100 )

CASHPAYMENTSJOURNAL
Note:Inordertoreceivefullpoints,foreachtransactionyoumustselectanaccountunderthecolumnlabelled
'Account',asindicatedundertheadditionalinstructionsabove.SincealltransactionsinthisjournalaffecttheCash
atBankaccount,youareaskedtoenterthenameoftheappropriateaccountdebitedinthesetransactionsintothe
Accountcolumnsothatthetypeoftransactioncanbedeterminedbythenameoftheaccountenteredintothis
column.

Date

Account

Cheque
No.

Debit

Post
Ref.

Credit

Accounts
Other
Purchases
Payable
Accounts

CashatBank

Discount
Received

Jun

3 APCPearTechnology

903

2102

2,083

2,062

21

Jun

5 Purchases

904

1,620

1,620

Jun

7 APCJCNElectrical

905

2104

2,252

2,207

45

Jun 13 APCPony

906

2105

1,923

1,923

Jun 15 WagesExpense

907

516

5,595

5,595

Jun 25 APCMoonMegasystems

908

2101

5,298

5,298

Jun 28 APCMegaTech

909

2103

2,635

2,635

Jun 29 WagesExpense

910

516

5,137

5,137

Jun 30 SalaryExpense

911

545

5,900

5,900

Jun 30 BankCharges

572

Jun 30
Jun 30
Jun 30
Jun 30
Jun 30
Total

PostReference

32383

100 )

Feedback

CASHRECEIPTSJOURNAL
Date

Account

Jun

1 BankLoanPayable

Jun

Post
Ref.

Debit
Cashat
Bank

Credit

Discount
Allowed

Sales
Accounts
Other

Revenue Receivable Accounts

250

53,000

53,000

5 SalesRevenue

7,369

7,369

Jun 12 SalesRevenue

9,898

9,898

Jun 13 ARCHandysElectronics

1101

2,229

248

2,477

Jun 16 ARCRadioHut

1106

600

600

Jun 19 SalesRevenue

9,312

9,312

1103

1,292

1,292

9,649

9,649

1104

2,592

2,592

5,878

5,878

Jun 30 ARCRadioHut

1106

600

600

Jun 30 InterestRevenue

403

217

217

101,436

(100)

Jun 20 ARCJerryTechnology
Jun 26 SalesRevenue
Jun 30 ARCHypertronics
Jun 30 SalesRevenue

Total
Postreference

CASHPAYMENTSJOURNAL
Date

Account

Cheque
No.

Post
Ref.

Debit

Credit

Accounts
Other
Purchases
Payable
Accounts

Cashat
Bank

Discount
Received

Jun

3 APCPearTechnology

903

2102

2,083

2,062

21

Jun

5 Purchases

904

1,620

1,620

Jun

7 APCJCNElectrical

905

2104

2,252

2,207

45

Jun 13 APCPony

906

2105

1,923

1,923

Jun 15 WagesExpense

907

516

5,595

5,595

Jun 25 APCMoonMegasystems

908

2101

5,298

5,298

Jun 28 APCMegaTech

909

2103

2,635

2,635

Jun 29 WagesExpense

910

516

5,137

5,137

Jun 30 SalaryExpense

911

545

5,900

5,900

572

Total

32,383

Postreference

(100)

Jun 30 BankCharges

(Q=8031104.AcctsRec4_bankRec)

SUBSIDIARYLEDGERS
Account:ARCHypertronics
AccountNo.1104
Date
May

Description
31 Balance

Ref.

Debit

Credit

Balance

2,592DR

CRJ

2,592

Jun

30 Repayment

Jun

30

Jun

30

Jun

30

Feedback
TherearenorelevantentriesintheHypertronicsledgerforthisweek.

(Q=8031106.AcctsRec6_bankRec)

Account:ARCRadioHut
AccountNo.1106
Date
May

Description

Ref.

31 Balance

Debit

Credit

Balance

Jun

13 Creditsale

SJ

680

680DR

Jun

16 Repayment

CRJ

600

80DR

Jun

25 Creditsale

SJ

720

800DR

Jun

30

Jun

30

Jun

30

Dishonoured Cheque

CRJ

600

1400

DR

Feedback

Account:ARCRadioHut
AccountNo.1106
Date
May

Description

Ref.

31 Balance

Debit

Credit

Balance

Jun

13 Creditsale

SJ

680

680DR

Jun

16 Repayment

CRJ

600

80DR

Jun

25 Creditsale

SJ

720

800DR

Jun

30 Dishonouredcheque

CRJ

600

1,400DR

(Q=804100.CashAtBank_bankRec)

GENERALLEDGER
Account:CashatBank
AccountNo.100
Date
May

Description

Ref.

31 Balance

Debit

Credit

Balance

25,647DR

Jun

30

Cash Receipts

CRJ

101436

127083

DR

Jun

30

Cash Payments

CPJ

32383

94700

DR

Jun

30

Feedback

Account:CashatBank
AccountNo.100
Date

Description

Ref.

Debit

Credit

Balance

25,647DR

30 Totalfromcashreceiptsjournal

CRJ

101,436

127,083DR

30 Totalfromcashpaymentsjournal

CPJ

32,383

94,700DR

May

31 Balance

Jun
Jun

(Q=8041100.ARControl_bankRec)

Account:ARCAccountsReceivableControl
AccountNo.110
Date
May

Description

Ref.

31 Balance

Debit

Credit

Balance

11,430DR

GJ

3,504

7,926DR

Jun

12 SalesreturnfromJerryTechnology

Jun

30

Jun

30

Jun

30

Jun

30

Feedback
TherearenorelevantentriesintheAccountsReceivableControlledgerforthisweek.

(Q=804201.InterestPayable_bankRec)

Account:InterestPayable
AccountNo.225
Date
May

Description

Ref.

31 Balance

Debit

Credit

Balance

Jun

30

Jun

30

Jun

30

Feedback
TherearenorelevantentriesintheInterestPayableledgerforthisweek.

(Q=804403.InterestRevenue_bankRec)

Account:InterestRevenue
AccountNo.403
Date
May

Description

Ref.

31 Balance

Debit

Credit

CRJ

Jun

30

Jun

30

Jun

30

Interest

Feedback

Account:InterestRevenue

Balance

217

217

CR

AccountNo.403
Date

Description

Ref.

May

31 Balance

Jun

30 Interestreceivedfromthebank

Debit

Credit

CRJ

217

217CR

(Q=804571.InterestExpense_bankRec)

Account:InterestExpense
AccountNo.571
Date
May

Description

Balance

Ref.

31 Balance

Debit

Credit

Balance

Jun

30

Jun

30

Jun

30

Feedback
TherearenorelevantentriesintheInterestExpenseledgerforthisweek.

(Q=804572.BankCharges_bankRec)

Account:BankCharges
AccountNo.572
Date
May

Description

Ref.

31 Balance

Debit

Credit

CPJ

Jun

30

Jun

30

Jun

30

Transaction Fee

Balance

DR

Feedback

Account:BankCharges
AccountNo.572
Date

Description

May

31 Balance

Jun

30 Transactionfee

ManualAccountingPracticeSet
HiFiWay,AustralasianEdition3(VBA3p)
2010Perdisco/latin/.v.,learnthoroughly
http://www.perdisco.com
TermsOfUse|PrivacyPolicy|Tuesday,June10,2014,10:53

Ref.

Debit

Credit

Balance

CPJ

6DR