2019 WAEC Accounts – Principles of Accounts Theory On 30th September 2017, Adedeji’s cash book showed a debit balance of N7,600. However, his bank…

On 30th September 2017, Adedeji’s cash book showed a debit balance of N7,600. However, his bank statement showed an overdraft balance of N1,880. On investigation, the following details were discovered:

i. A standing order of N160 had not been entered in the cash book

ii. Bank charges of N40 did not appear in the cash book

iii. Cash paid into the bank for N400 had been entered in the cash book as N360

iv. A cheque of N200 received from a customer was dishonoured

v. The bank received a credit transfer of N400 from a customer

vi. A cheque of N1,360 paid to Dexter Ltd had been entered in the cash book as N1,720

vii. A receipt of N40 shown on the bank statement had not been entered in the cash book;

viii. A cheque drawn amounting to N160 paid is still with the supplier

ix. Receipts of N3,600 paid into the bank on 30th September 2017 did not appear on the bank statement until October 2017

x. A cheque of N1,080 paid into the bank had been Wrongly credited by the bank as GH¢ 600

xi. A transfer of N6,000 to the bank had not been recorded in the cash book.

You are required to prepare

(a) Adjusted Cash Book;