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Errors made by the business, and items that appear on the bank statement but not in the CRJ and CPJ (cash book), are corrected and recorded in the supplementary cash book.  Errors made by the bank, and items that appear in the CRJ and CPJ (cash book) but not on the bank statement, are corrected and recorded in the bank reconciliation. Example: Supplementary cash book of XX on X/X/20XX Debit Balance b/f CRJ total Deposit (rent) Debit error Balance b/f (this balance is transferred to the bank reconciliation statement) XX XX XX XX XXX XX CPJ total R/D cheque (P.

16 Bought inventory for R2 200 and issued a cheque. Required 1. Prepare all relevant subsidiary journals. 2. Do all the postings to the general ledger. 3. Prepare a trial balance. Cash receipts journal of B & J Distributors for July 20XX Doc. no. Date Bank 4 5 7 600 650 20 000 21 250 Fol. Debtors Sales Cost of sales Sundries Details of sundries 600 600 650 400 650 400 20 000 20 000 Capital 45 Basic Financial Accounting Cash payments journal of B & J Distributors for July 20XX Doc. no. Date Bank 3 12 16 Fol.

Returned damaged goods to Makro, and received their credit note, R200. Issued a credit note to C. Coetzee for damaged goods returned, R300. The owner of B & J Distributors withdrew R2 000 cash for his own use. 3 The following transactions took place during March 20XX at ‘‘Your Corporate AV Connection Ltd’’ 20XX March 2 6 8 9 10 Sold inventory on credit for R6 000 to Multi Broadcast. Cost price R4 800. Sold inventory for R10 000 cash. Cost price R8 000. Bought stationery for cash, R200. Paid the rent for the month, R11 000.

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Categories: Accounting