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ManualAccountingPracticeSet
HiFiWay,AustralasianEdition3
Feedback:Bankreconciliation
Thisisafeedbackpage.Pleasereviewthispagecarefullybecauselaterpagesinthispracticesetbuildonthe
feedbackprovidedhere.Afteryouhavereviewedyourfeedbackpage,clickContinueatthebottomofthispageto
moveontothenextpageofyourpracticeset.
NowthatyouhavefinishedrecordingallofthetransactionsforthemonthofJune,youarerequiredtoprepareabank
reconciliatonasat30June2014.
Thepurposeofthebankreconciliationprocessistoreconcilethebalanceofcashshowninthecompany'sledger
accountagainstthebalanceofcashreportedinthebankstatement.
Instructionsforbankreconciliation
Identifyanyreconcilingitemsandrecordtherelevantreconcilingitemsintheappropriatejournals.Todothis,
youwillneedtouse:
thepreviousmonth'sbankreconciliationstatement,and
thecurrentmonth'sbankstatement
Notethatthegeneraljournalisnotprovidedonthispageofthepracticesetbecauseyouare
requiredtouseotherjournalstorecordthosereconcilingitems.
Whenyouenteritemsintothejournals,ifachequenumberisnotrequired,youneedtofilltheappropriate
inputboxwithanX.
Postentriesrecordedinthejournalstotheappropriateledgeraccountsaccordingtothecompany'saccounting
policiesandprocedures.
TotaltheCashatBankcolumnsinthespecialjournals.RecordtheamountintheTotalrowofeachjournal.On
thiswebpage,youarenotrequiredtototaltherestofthecolumnsinthespecialjournals.Youwilltotalthese
columnsandpostthemtotheledgerinthenextstageofthepracticeset.
PostthetotaloftheCashatBankcolumnsinthespecialjournalstotheircorrespondingledgeraccount.To
confirmthatthepostinghasbeenperformed,apostingreferenceisrecordedinthelastrowofthespecial
1)
2)
3)
4)
journals.
Preparethebankreconciliationstatementasat30June2014.Thebankreconciliationstatementprovidedbelow
maycontainmorerowsthanrequired.
Allanswerscanbeenteredaspositiveornegativenumbersasrequired.
BackOnTrackfunctionality
Pleasenotethatanyanswersfrompreviouspagescarriedthroughontothispage(eitheronthepageorina
popupinformationpage)havebeenreset,ifnecessary,tothecorrectanswers.Yourparticularanswersfrom
previouspagesarenolongershown.
Remember:
Enterallanswerstothenearestwholedollar.
Whencompletingthejournals,ifachequenumberisnotrequired,youneedtofilltheappropriateinputbox
withanX.
Youarealsorequiredtoapplythejournalsandledgersinstructionsprovidedinpreviousweeks.
BeforepressingtheSubmitanswersbutton,werecommendthatyouclicktheShowAlltabandcheckthatall
relevantaccountingrecordshavebeencompleted.
Ifyouwanttoprintthispage,pleasereadandfollowthespecialprintinginformationtoensureyoucanprintthe
specialjournalsinfull.
BankReconciliation SpecialJournals SubsidiaryLedgers GeneralLedger
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
No. 908 5298
No.
No.
No.
Total
5298

Adjustedbankbalance 94700 CR

Balanceasperledgeraccount 94700 DR

5)
ShowAll
ARCRadioHut
InterestRevenue
Feedback
HiFiWay
BankReconciliationStatementasat30/06/2014
Balanceasperbankstatement: 90,236 CR
Add:
depositintransit 1,292
depositintransit 2,592
depositintransit 5,878 9,762
99,998 CR

Less:
unpresentedcheque No.908 5,298 5,298
Adjustedbankbalance 94,700 CR

Balanceasperledgeraccount 94,700 DR

(Q=801.cashJournalsBankRec)
CASHRECEIPTSJOURNAL
Note:Inordertoreceivefullpoints,foreachtransactionyoumustselectanaccountunderthecolumnlabelled
'Account',asindicatedundertheadditionalinstructionsabove.SincealltransactionsinthisjournalaffecttheCash
atBankaccount,youareaskedtoenterthenameoftheappropriateaccountcreditedinthesetransactionsintothe
Accountcolumnsothatthetypeoftransactioncanbedeterminedbythenameoftheaccountenteredintothis
column.
Date Account
Post
Ref.
Debit Credit
CashatBank
Discount
Allowed
Sales
Revenue
Accounts
Receivable
Other
Accounts

Jun 1 BankLoanPayable 250 53,000 53,000
Jun 5 SalesRevenue X 7,369 7,369
Jun 12 SalesRevenue X 9,898 9,898
Jun 13 ARCHandysElectronics 1101 2,229 248 2,477
Jun 16 ARCRadioHut 1106 600 600
Jun 19 SalesRevenue X 9,312 9,312
Jun 20 ARCJerryTechnology 1103 1,292 1,292
Jun 26 SalesRevenue X 9,649 9,649
Jun 30 ARCHypertronics 1104 2,592 2,592
Jun 30 SalesRevenue X 5,878 5,878
Jun 30 1106 600 0 0 600 0
Jun 30 403 217 0 0 0 217
Jun 30
Jun 30
Jun 30
Jun 30
BankCharges
Total 101436
PostReference ( 100 )
CASHPAYMENTSJOURNAL
Note:Inordertoreceivefullpoints,foreachtransactionyoumustselectanaccountunderthecolumnlabelled
'Account',asindicatedundertheadditionalinstructionsabove.SincealltransactionsinthisjournalaffecttheCash
atBankaccount,youareaskedtoenterthenameoftheappropriateaccountdebitedinthesetransactionsintothe
Accountcolumnsothatthetypeoftransactioncanbedeterminedbythenameoftheaccountenteredintothis
column.
Date Account
Cheque
No.
Post
Ref.
Debit Credit
Accounts
Payable
Purchases
Other
Accounts
CashatBank
Discount
Received

Jun 3 APCPearTechnology 903 2102 2,083 2,062 21
Jun 5 Purchases 904 X 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 X 572 0 0 6 6 0
Jun 30
Jun 30
Jun 30
Jun 30
Jun 30
Total 32383
PostReference ( 100 )
Feedback
CASHRECEIPTSJOURNAL
Date Account
Post
Ref.
Debit Credit
Cashat
Bank
Discount
Allowed
Sales
Revenue
Accounts
Receivable
Other
Accounts

Jun 1 BankLoanPayable 250 53,000 53,000
Jun 5 SalesRevenue X 7,369 7,369
Jun 12 SalesRevenue X 9,898 9,898
Jun 13 ARCHandysElectronics 1101 2,229 248 2,477
Jun 16 ARCRadioHut 1106 600 600
Jun 19 SalesRevenue X 9,312 9,312
Jun 20 ARCJerryTechnology 1103 1,292 1,292
Jun 26 SalesRevenue X 9,649 9,649
Jun 30 ARCHypertronics 1104 2,592 2,592
Jun 30 SalesRevenue X 5,878 5,878
Jun 30 ARCRadioHut 1106 600 600
Jun 30 InterestRevenue 403 217 217
Total 101,436
Postreference (100)
CASHPAYMENTSJOURNAL
Date Account
Cheque
No.
Post
Ref.
Debit Credit
Accounts
Payable
Purchases
Other
Accounts
Cashat
Bank
Discount
Received

Jun 3 APCPearTechnology 903 2102 2,083 2,062 21
Jun 5 Purchases 904 X 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 X 572 6 6
Total 32,383
Postreference (100)
(Q=8031104.AcctsRec4_bankRec)
SUBSIDIARYLEDGERS
Account:ARCHypertronics
AccountNo.1104
Date Description Ref. Debit Credit Balance
May 31 Balance 2,592DR
Jun 30 Repayment CRJ 2,592 0
Jun 30
Jun 30
Jun 30
Feedback
TherearenorelevantentriesintheHypertronicsledgerforthisweek.
(Q=8031106.AcctsRec6_bankRec)
Account:ARCRadioHut
AccountNo.1106
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 13 Creditsale SJ 680 680DR
Jun 16 Repayment CRJ 600 80DR
Jun 25 Creditsale SJ 720 800DR
Jun 30 Dishonoured Cheque
CRJ
600 0 1400 DR
Jun 30
Jun 30
Feedback
Account:ARCRadioHut
AccountNo.1106
Date Description Ref. Debit Credit Balance
May 31 Balance 0
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 Description Ref. Debit Credit Balance
May 31 Balance 25,647DR
Jun 30 Cash Receipts
CRJ
101436 0 127083 DR
Jun 30 Cash Payments
CPJ
0 32383 94700 DR
Jun 30
Feedback
Account:CashatBank
AccountNo.100
Date Description Ref. Debit Credit Balance
May 31 Balance 25,647DR
Jun 30 Totalfromcashreceiptsjournal CRJ 101,436 127,083DR
Jun 30 Totalfromcashpaymentsjournal CPJ 32,383 94,700DR
(Q=8041100.ARControl_bankRec)
Account:ARCAccountsReceivableControl
AccountNo.110
Date Description Ref. Debit Credit Balance
May 31 Balance 11,430DR
Jun 12 SalesreturnfromJerryTechnology GJ 3,504 7,926DR
Jun 30
Jun 30
Jun 30
Jun 30
Feedback
TherearenorelevantentriesintheAccountsReceivableControlledgerforthisweek.
(Q=804201.InterestPayable_bankRec)
Account:InterestPayable
AccountNo.225
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30
Jun 30
Jun 30
Feedback
TherearenorelevantentriesintheInterestPayableledgerforthisweek.
(Q=804403.InterestRevenue_bankRec)
Account:InterestRevenue
AccountNo.403
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Interest
CRJ
0 217 217 CR
Jun 30
Jun 30
Feedback
Account:InterestRevenue
AccountNo.403
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Interestreceivedfromthebank CRJ 217 217CR
(Q=804571.InterestExpense_bankRec)
Account:InterestExpense
AccountNo.571
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30
Jun 30
Jun 30
Feedback
TherearenorelevantentriesintheInterestExpenseledgerforthisweek.
(Q=804572.BankCharges_bankRec)
Account:BankCharges
AccountNo.572
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Transaction Fee
CPJ
6 0 6 DR
Jun 30
Jun 30
Feedback
Account:BankCharges
AccountNo.572
Date Description Ref. Debit Credit Balance
May 31 Balance 0
Jun 30 Transactionfee CPJ 6 6DR
ManualAccountingPracticeSet
HiFiWay,AustralasianEdition3(VBA3p)
2010Perdisco/latin/.v.,learnthoroughly
http://www.perdisco.com
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