Question 1d
Marking Guide
up to 1 mark per substantive procedure
– check additions of bank reconciliation
– obtain bank confirmation letter
– bank balance to statement/bank confirmation
– cash book balance to cash book
– outstanding lodgements
– unpresented cheques review
– old cheques write back
– agree all balances on bank confirmation
– unusual items/window dressing
– security/legal right set-off
– review reconciliations for saving (deposit) accounts
– cash counts for significant cash balances
– review disclosure of bank and cash in financial statements
max marks7

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