Answered You can hire a professional tutor to get the answer.
Dear tutors, I need your help for below questions. This is Financial
QUESTION 3 (15 Marks)You went for a job interview as an accountant at PKP Bhd. During the interviewing session,you were asked with regards to your ability to do a reconciliation of the bank statement. Inconfirming your ability, the interviewer handed over the following information for 30 June2020:(i) The bank statement balance is RM14,070.(ii) The cash account balance is RM15,141.(iii) Outstanding checks amounted to RM2,145.(iv) Deposits in transit are RM3,060.(v) The bank service charge is RM120.(vi) A check for RM95 for supplies was recorded as RM59 in the ledger.REQUIRED:(a) Prepare the bank reconciliation statement of PKP Bhd for 30 June 2020.(7 Marks)(b)Discuss any TWO (2) basic guidelines for the control of cash in a company.(4 Marks)(c) State any TWO (2) policies and procedures demonstrating the primary purpose of internalcontrol in a company.(4 Marks)
