Business, 02.12.2019 00:31 lance31

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*5.1 taribo south ltd. received its bank statement for the period ended
30 june this did not agree with the balance shown in the cash book of n2,972
in the company's favour.
an examination of the cash book and bank statement disclosed the following:
a deposit of n492 paid in on 29 june had not credited by the bank
until 1 july
bank charges amounting n17 had not been credited in the cash book.
a debit of n42 appeared on the bank statement for an unpaid cheque
which had been returned marked 'out of date'. the cheque had been
redated by the customer of taribo ltd. and paid into the bank again
on 3 july
a standing order for the payment of an annual subscription amounting
to n10 had not been entered in the cash book.
on 25 june the managing director had given the cashier a cheque for
n100 to pay into his personal account at the bank. the cashier had
paid it into the company's account book by mistake, but did not
enter it in the company's cash book.
on 27 june two customers of taribo ltd. had paid direct to the
ir bank account n499 and n157 respectively in payment
not received by the company bank account 499 naira and 157 naira respectively in payments for goods supplied. the advises where not received by the company until 1st of july and were entered in the cash book under that date on the 30th march the company has entered into a hired purchase agreement to pay by bankers order a sum of 26 naira on the 10th day of each month commencing april. no entries had been made in the cashbook. 364 naira paid into the bank had been entered twice in the cashbook cheque issued amounting to 4672 naira had not been presented to the bank for payment until after 30th of june a customers of the company who received a cash discount of 21/2% on his account of 200 naira paid the company a cheque on the 10th of june the cashier in error entered the gross amount in the bank colon of the cashbook. after making the adjustment required by the foregoing, the bank statement reconciled with the cashbook. required to show the necessary adjustment in the cashbook of taribo south ltd bringing down the correct balance on the 30th of june. prepare a bank reconciliation statement as on that date

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