Question 1 You have been provided with the following information from the books of Zebra Traders: Information from the Bank Reconciliation Statements on the 30 April 2021 R Balance as per bank statement (Favourable) Add: Outstanding deposits: 10 April 2021 17 200 8 500 30 April 2021 28 500 Less: Outstanding cheques 2001: Dated 10 October 2020 (2 220) 2651: Dated 27 April 2021 (4 150) 2691: Dated 10 May 2021 (11 330) Balance as per bank account (Favourable) 36 500 Cheque 2651 appeared on the bank statement for May 2021. Deposit on the 30" April appeared on the May 2021 bank statement. Cheque 2001 has to be cancelled as the charity organisation that it was given to no longer exists. The outstanding deposit of R8 500 was in respect of cash received from an outstanding debtor. This deposit has not appeared on the May 2021 bank statement and it has been discovered that this amount was recorded but it was never deposited. The owner has authorised that this amount be written off as a loss to the business. The owner has also undertaken to investigate who is responsible for this theft. A comparison of the May 2021 bank statement and the May 2021 cashbooks revealed the following: Bank charges of R530 were not recorded in the cashbooks. Cheque number 2712 issued to creditor Mr. L lon, appeared correctly in the bank statement as RS 630 but was incorrectly recorded in the Cashbook Payments as R6 530. A monthly stop order of R1 800 for insurance needs to be recorded in the cashbook. A dishonoured cheque for R2 355 appeared on the bank statement. This cheque was received from MissH Yena, a debtor in settlement of her account of R2 400.

Explain the difference between the Malaysian Accounting Standard Board (MASB) and the Malaysian Institute of Accountants (MIA)

Financial accounting oversight in the United States is provided by all of the following organizations except the

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Unified Chart of Accounts code structure in the Philippines including its revision, and how these accounts are unique toeach other.

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