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1a)
A source document is the original record containing the details to substantiate a transaction entered in an accounting system.

1b)
i) Invoice
ii) credit note
iii) debit note
iv) payment voucher
v) petty cash voucher
vi)bank statement

1c)
i)to find out the unpresented cheques which have been already issued to the creditors.
ii)to find out what are the reasons behind why either bank statement or cash book shows the different amounts apart from the expected balances.

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Question:What is bank reconciliation statement?

Ansa:
2a)bank reconciliation is a process that explains the difference on a specified date between the bank balance shown in an organization's bank statement, as supplied by the bank , and the corresponding amount shown in the organization's own accounting records.

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Question state three reason of preparing bank reconciliation statement?
Ansa

2b)
i)To detect items not entered and errors in the cash book
ii)To discover dishonored cheques
iii) To discover bank errors ( bank personnel too make mistake!!)

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2c)Question:Explain following items

2ci) Unpresented cheques:
These represent cheques that have been issued by an entity to a customer or another third party but which have not presented to the bank by the reconciliation date.

2cii)Standing orders:
an instruction to a bank by an account holder to make regular fixed payments to a particular person or organization.

2ciii)credit transfer:
a direct payment of money from one bank account to another 3ai)
Accumulated fund:This is the funds that correspond to the capital of the partnership or sole trader and it will be calculated using the statement of affairs
3aii)
Subscription in arrears:This is the sum of money due for members but remained unpaid.It is treated as debtors in the balance sheet
3aiii)
Reciepts and payments:this is the accounts that shows the summary of a cash book over a particular period of time
3aiv)
Income and expenditure account:This is type of account being prepared based on the same principle as the profit and loss accounts.It is described as the equivalent of profit and loss account
3av)
Entrance fees:This is the money paid on application for membership of an association or club.It is normally treated as income in income and expenditure account