Question

Mr. Waleed has started a Plastic toys Manufacturing Company and opened a Business bank
account in Sohar Bank and every month end he checks his Cash book maintained by his
accountant Mr. Asadin the company with the Bank book maintained by the banker. His Cash
Book balance on 31 st December 2019, was OMR 12,500, this did not agree with the balance as
shown by the Bank Pass Book. In order to know why the balances are not equal in cash book and
Bank book Waleed asked his accountant Mr. Asad to do detailed Examination of the Cash Book
and Bank Statement. It reveals that the company has paid into bank on 26 th December, four
cheques of OMR 7,000; OMR 10,000; OMR 2,000 and OMR 13,000; of these the cheque of
OMR 2,000 was credited in January 2020.Cheque received from Yasin sent to Bank without
recording in Cash Book OMR 1,000.The Bank has debited Bank Charges in Bank book, not
entered in Cash Book OMR 100.As per the instructions of Waleed, Bank met a pay order and
debited in Bank Book, but not entered in Cash Book OMR 900. Waleed issued Cheques to his
creditors on 23 rd December 2019, cheque to Ahmed for OMR 3,000 and cheque to Abeer OMR
4,000. But the cheque of Ahmed was presented after 31 st December 2019. Every year end Bank
pays Insurance Premium on behalf of Waleed which is not entered in Cash Book OMR
3,400.Bank also credited for Interest received by Waleed which is not recorded in Cash Book
OMR 350. Waleed has invested money in shares of Al maha Company and the bank has
collected dividends and Credited in Bank Book, but not debited in Cash Book OMR
2,750.Waleed has received cheque of OMR1, 900 from Mr. Khan which was dishonored but it
was not recorded in company’s Cash Book. One of his customers Ali has paid cheque of OMR
1,500 which is entered in cash book but omitted to be sent to Bank

Based upon the following information you are required to prepare a Bank Reconciliation
Statement.

Note: provide the answer in text format

All the requirements mentioned and I dont have any extra information, answer according to available information

Answer 1

Mr. Waleed has started a Plastic toys Manufacturing Company and opened a Business bank