cellular education classroom 159844

Revision question on how to perform the bank reconciliation

The following is a summary from the cash book of BW Ltd for July 2015:

Opening balance 1,530
Receipts 23,104
Payments (23,005)
Closing balance 1,629

On investigation, it was discovered that:

i)   Bank charges of TZS 15 shown on the bank statement have not been entered into the cash book.

ii)  A cheque … Read the rest