QUESTION 3 (15 Marks)You went for a job interview as an accountant at PKP Bhd. During the interviewing session,you were asked with regards to your ability to do a reconciliation of the bank statement. Inconfirming your ability, the interviewer handed over the following information for 30 June2020:(i) The bank statement balance is RM14,070.(ii) The cash account balance is RM15,141.(iii) Outstanding checks amounted to RM2,145.(iv) Deposits in transit are RM3,060.(v) The bank service charge is RM120.(vi) A check for RM95 for supplies was recorded as RM59 in the ledger.REQUIRED:(a) Prepare the bank reconciliation statement of PKP Bhd for 30 June 2020.(7 Marks)(b)Discuss any TWO (2) basic guidelines for the control of cash in a company.(4 Marks)(c) State any TWO (2) policies and procedures demonstrating the primary purpose of internalcontrol in a company.(4 Marks)
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more