To reconcile the ending balance as per the bank statement to the Cash at Bank account balance, you would add or subtract certain items. Here's how each option would affect the reconciliation:

(a) Dishonoured cheque: This would be subtracted from the bank statement balance. A dishonoured cheque is a cheque that the bank has refused to honour or pay because there are insufficient funds in the account, or the cheque is found to be fraudulent. This decreases the bank balance.

(b) Cash receipt journal error recording cash of $454 which should have been recorded as $445: This would be subtracted from the bank statement balance. The bank balance is $9 more than it should be due to the error, so you would subtract $9 to correct it.

(c) Unpresented cheque: This would be added to the bank statement balance. An unpresented cheque is a cheque that has been written but not yet presented to the bank for payment. The bank doesn't know about this cheque yet, so it's not included in the bank balance. Adding the amount of the cheque to the bank balance corrects this.

(d) Deposit not yet credited: This would be added to the bank statement balance. If a deposit hasn't been credited yet, the bank doesn't know about it and it's not included in the bank balance. Adding the amount of the deposit to the bank balance corrects this.

(e) Bank error in processing a receipt crediting $463 whereas $436 should have been credited: This would be subtracted from the bank statement balance. The bank has credited $27 more than it should have, so you would subtract $27 to correct the error.

So, to answer your question, the items that would be added to the ending balance as per the bank statement to enable reconciliation of that balance to the Cash at Bank account balance are the unpresented cheque and the deposit not yet credited.

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To reconcile the ending balance as per the bank statement to the Cash at Bank account balance, you would add or subtract certain items. Here's how each option would affect the reconciliation:

(a) Dishonoured cheque: This would be subtracted from the bank statement balance. A dishonoured cheque is a cheque that the bank has refused to honour or pay because there are insufficient funds in the account, or the cheque is found to be fraudulent. This decreases the bank balance.

(b) Cash receipt journal error recording cash of $454 which should have been recorded as $445: This would be subtracted from the bank statement balance. The bank balance is $9 more than it should be due to the error, so you would subtract $9 to correct it.

(c) Unpresented cheque: This would be added to the bank statement balance. An unpresented cheque is a cheque that has been written but not yet presented to the bank for payment. The bank doesn't know about this cheque yet, so it's not included in the bank balance. Adding the amount of the cheque to the bank balance corrects this.

(d) Deposit not yet credited: This would be added to the bank statement balance. If a deposit hasn't been credited yet, the bank doesn't know about it and it's not included in the bank balance. Adding the amount of the deposit to the bank balance corrects this.

(e) Bank error in processing a receipt crediting $463 whereas $436 should have been credited: This would be subtracted from the bank statement balance. The bank has credited $27 more than it should have, so you would subtract $27 to correct the error.

So, to answer your question, the items that would be added to the ending balance as per the bank statement to enable reconciliation of that balance to the Cash at Bank account balance are the unpresented cheque and the deposit not yet credited.

Knowee AI · Accepted Answer

To reconcile the ending balance as per the bank statement to the Cash at Bank account balance, you would add or subtract certain items. Here's how each option would affect the reconciliation:

(a) Dishonoured cheque: This would be subtracted from the bank statement balance. A dishonoured cheque is a cheque that the bank has refused to honour or pay because there are insufficient funds in the account, or the cheque is found to be fraudulent. This decreases the bank balance.

(b) Cash receipt journal error recording cash of $454 which should have been recorded as $445: This would be subtracted from the bank statement balance. The bank balance is $9 more than it should be due to the error, so you would subtract $9 to correct it.

(c) Unpresented cheque: This would be added to the bank statement balance. An unpresented cheque is a cheque that has been written but not yet presented to the bank for payment. The bank doesn't know about this cheque yet, so it's not included in the bank balance. Adding the amount of the cheque to the bank balance corrects this.

(d) Deposit not yet credited: This would be added to the bank statement balance. If a deposit hasn't been credited yet, the bank doesn't know about it and it's not included in the bank balance. Adding the amount of the deposit to the bank balance corrects this.

(e) Bank error in processing a receipt crediting $463 whereas $436 should have been credited: This would be subtracted from the bank statement balance. The bank has credited $27 more than it should have, so you would subtract $27 to correct the error.

So, to answer your question, the items that would be added to the ending balance as per the bank statement to enable reconciliation of that balance to the Cash at Bank account balance are the unpresented cheque and the deposit not yet credited.

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