i. On November 30, you are supplied with the following information by your employer, Mary Martha Manufacturing Ltd 11. 111. Cash book balance $4,923.14 111. Bank statement balance 6,970.35 iv. Outstanding cheques: #28 90.33 41 56.45 49 977.00 50 55.25 51 358.97 v. Outstanding deposit 750.00 vi. Items not yet recorded in cash book that are included in the bank statement: o Bank service charges o N.S.F. cheque of T. Smyth o Bank Loan payment • The bank collected and deposited in our account the previous N.S.F. cheque of R. Collins • The bank credited our account with interest that was earned on a term deposit 20.99 375.00 325.00 950.00 1,185.86 viii. When the November cheques are compared with entries in the cash payments journal, it was noticed that cheque #48 had been correctly made out for $250.00 in payment for the utilities bill, but when entered in the cash payments journal, was recorded as only $200.00. ix. In error, the bank took $105.66 out of our account instead of Martha Mary Mirrors Ltd. REQUIRED

Which field typically appears in the Bank Register but not usually in reports?

What is a bank reconciliation?

Choose the function and service of a bank in which Bank Purchases and sells securities, shares and debentures on behalf of their customers. a. Miscellaneous Functions of the banks b. Discounting of Bills of Exchange c. Investment of Funds d. Agency Functions