BOOKKEEPING SYSTEMS

BANK RECONCILIATION STATEMENT EXERCISES

Paper 002-061

CONTENTS
Page
EXERCISE NO. 1 - JOHN BROWN RETAIL CLOTHING COMPANY ........................................................3
.1

Previous Accounting Period Bank Reconciliation Statement .................................................3

.2

Cash Receipts Book - Prior To Reconciliation ..........................................................................3

.3

Cash Payments Book - Prior To Reconciliation ........................................................................5

.4

Bank Statement ............................................................................................................................6

.5

Exercise No 1 - Question .............................................................................................................7

EXERCISE NO. 2 - SMITHS MOTEL...........................................................................................................8

.1

Cash Receipts Book Prior To Reconciliation ............................................................................8

.2

Cash Payments Book - Prior To Reconciliation ........................................................................8

.3

Previous Accounting Period Bank Reconciliation Statement .................................................8

.4

Bank Statement ............................................................................................................................9

.5

Exercise No. 2 Question ..............................................................................................................9

ADDENDUMS

002-061A

Cash Receipts Book ............................................................................................................11

002-061B

Cash Payments Book ..........................................................................................................12

002-061C

Bank Reconciliation Statement ..........................................................................................14

002-061D

Completed Cash Receipts Book ........................................................................................15

002-061E

Completed Cash Payments Book ......................................................................................16

002-061F

Bank Reconciliation Statement ..........................................................................................18

002-061G

Cash Receipts Book ............................................................................................................19

002-061H

Cash Payment Book ............................................................................................................20

002-061I Bank Reconciliation Statement ................................................................................................21

002-061J Completed Cash Receipts Book ...............................................................................................22
002-061K

Completed Cash Payments Book ......................................................................................23

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439
Paper 002-061
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Page 1

002-061L

Bank Reconciliation Exercise .............................................................................................24

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
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Page 2

BOOKKEEPING SYSTEMS
BANK RECONCILIATION STATEMENT EXERCISES

Paper 002-061

EXERCISE NO. 1 - JOHN BROWN RETAIL CLOTHING COMPANY

.1

Previous Accounting Period Bank Reconciliation Statement

BANK RECONCILIATION STATEMENT AS AT 31 MAY 20XX
Cash Book Balance 30.4.XX
Add Receipts

$47,620.00 Cr.
$ 3,100.00
$50,720.00
$10,970.00
$39,750.00 Cr

Less Payments
Cash Book Balance as at 31.5.XX

Bank Statement Balance 31.5.XX

Less Unpresented Cheques:
185
186
Reconciled Balance as at 31.5.XX

$ 250.00
$39,750.00 Cr

Cash Receipts Book - Prior To Reconciliation

02.06.XX

John Brown

1525

04.06.XX
16.06.XX

Cash
SGIO

1526
1527

1,000.0
0
500.00
50.00

GST
Payable

Sundry
$

Capital
Contributed
$

Sales
$

Amount
$

Receipt No

Received
From

CASH RECEIPTS BOOK

Date

.2

$40,000.00 Cr
$200.00
$ 50.00

1,000.00
454.55
45.45
(Refund
overpaid shop

45.45
4.55

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
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Page 3

insurance)
24.06.XX
25.06.XX
29.06.XX

Cash
Cash
Winter
Festival

1528
1529
1530

70.00
200.00
450.00

30.06.XX

John Brown

1531

20.00

63.63
181.81

6.37
18.19
450.00
(Window
display prize)
20.00

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
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Page 4

Yr XX
01.06
02.06
04.06
07.06
08.06
10.06
11.06
11.06
15.06
19.06
22.06
25.06
28.06
29.06
30.06

A8 Clothing Co
XY Real Estate
A Electrician
(Rep. neon sign)
Rubber Tyre Co
(Tyres Del. Van)
Ergon Energy
SGIO (Shop)
Smiths
Newsagency
Greens Motors
(New del. van)
John Jones
(Casual Wages)
BP Garage
XY Real Estate
SGIO
(Insur. del. van)
JB Fashion Ltd
BC Furniture Co
(Storage shelves)
Cash
(Drawings MBF)

187
188
189

100.00
50.00
200.00

190

205.00

191
192
192

35.00
600.00
20.00

194

10,000.00

195

150.00

196
197
198

90.00
50.00
250.00

199
200

400.00
600.00

201

150.00

90.91

Input Tax
Credit

Sundry

Capital

Postage
&
Stationery

Fuel & Oil

Electricity

M.V.
Expenses

Insurance

Repairs &
Maint

Rent

Purchase
s

Amount

Chq.No.

Payee

Cash Payments Book - Prior To Reconciliation

JOHN BROWN RETAIL CLOTHING COMPANY - CASH PAYMENTS BOOK

Date

.3

9.09
4.54
18.18

45.46
181.82
186.36

18.64
31.82

3.18
54.55
1.82

545.45
18.18
10,000.00
150.00
81.82

8.18
4.54
22.73

45.46
227.27
363.64

36.36
54.55

545.45
150.00

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
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.4

Bank Statement
ACCOUNT NO
Mr J Brown
17 Hugh Street
PACIFIC CITY QLD 4912

98738 - 7823

NAME OF ACCOUNT:
JOHN BROWN RETAIL CLOTHING COMPANY

Date
20XX
June 1
2
2
2
2
2
4
4
5
8
8
15
15
15
15
17
25
25
26
26
29
29
30
July 1
2

Particulars
Brought Forward
000189
000186
F.T.D.
000187
Deposit
000188
000185
Deposit
Cheque Book
000190
000194
000192
000193
000191
000199
Deposit
000198
000197
000196
Deposit
000195
Deposit
Deposit
Deposit
000201

Dr

Cr

Balance

200.00
50.00
10.00
100.00
1,000.00
50.00
200.00
500.00
10.00
205.00
10,000.00
600.00
20.00
35.00
400.00
50.00
250.00
50.00
90.00
270.00
150.00
450.00
20.00
55.00
150.00

40,000.00 Cr
39,800.00 Cr
39,750.00 Cr
39,740.00 Cr
39,640.00 Cr
40,640.00 Cr
40,590.00 Cr
40,390.00 Cr
40,890.00 Cr
40,880.00 Cr
40,675.00 Cr
30,675.00 Cr
30,075.00 Cr
30,055.00 Cr
30,020.00 Cr
29,620.00 Cr
29,670.00 Cr
29,420.00 Cr
29,370.00 Cr
29,280.00 Cr
29,550.00 Cr
29,400.00 Cr
29,850.00 Cr
29,870.00 Cr
29,925.00 Cr
29,775.00 Cr

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
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Page 6

.5

Exercise No 1 - Question
PREPARATION OF BANK RECONCILIATION STATEMENT
JOHN BROWN RETAIL CLOTHING COMPANY
Can you please prepare the following:1. Cash Receipts Book - Addendum 002-061A
Answer - Addendum 002-061D
2. Cash Payment Book - Addendum 002-061B
Answer - Addendum 002-061E
3. Prepare Bank Reconciliation Statement - Addendum 002-061C
Answer - Addendum 002-061F

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
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Page 7

EXERCISE NO. 2 - SMITHS MOTEL

.1

Cash Receipts Book Prior To Reconciliation

Cash Receipts (Bank Column Only) of Smiths Motel for March 20XX
Date

02.03.XX
03.03.XX
05.03.XX
07.03.XX
10.03.XX
12.03.XX
14.03.XX
17.03.XX
17.03.XX
19.03.XX
21.03.XX
24.03.XX
26.03.XX
30.03.XX
31.03.XX

Receipt
No.
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33

Particulars

Bank

Cash Sales
Debtor - J. Jones
Cash Sales
Cash Sales
Debtor - Jetset Travel
Cash Sales
Cash Sales
Debtor - S Green
Cash Sales
Cash Sales
Debtor - R Smart
Cash Sales
Debtor - A Blue
Cash Sales
Cash Sales

400.00
440.00
690.00
615.00
1,425.00
426.00
333.00
453.00
510.00
338.00
209.00
927.00
425.00
1,254.00
739.00

TOTAL:

.2

$9,184.00

Cash Payments Book - Prior To Reconciliation

Cash Payments (Bank Column only) of Smiths Motel for March 20XX
Date
03.03.XX
03.03.XX
10.03.XX
10.03.XX
10.03.XX
10.03.XX
17.03.XX
17.03.XX
24.03.XX
24.03.XX
24.03.XX

Ch.No.
350
351
352
353
354
355
356
357
358
359
360

Particulars
Cash - Wages
Castlemaine Perkins
Cash - Wages
Fresha Eggs
Pacific Seafoods
Currey (Qld)
Cash - Wages
City Meats
Drawings - W Smith
Cash - Wages
Huggets
TOTAL:

.3

Bank
685.00
1,250.00
850.00
130.00
937.00
395.00
729.00
1,255.00
468.00
427.00
200.00
$7,326.00

Previous Accounting Period Bank Reconciliation Statement

Cash Book Balance 31 January 20XX
Add Receipts

2,500.00 Cr.
9,139.00

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
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Page 8

11,639.00
8,260.00
$3,379.00 Cr

Less Payments
Cash Book Balance 28th February 20XX
Bank Statement Balance 28 February 20XX
Add Deposits not yet credited

Less Unpresented Cheques No

329
342
346
349
Reconciled Balance as at 28 February 20XX

.4

.5

3,901.00 Cr.
380.00
290.00
197.00
160.00
185.00
650.00

Bank Statement
The following Bank Statement was received by Smiths Motel for March 20XX.
Date
Particulars
Dr
Cr
Feb. 28 Balance B/F
March 3 Deposit
670.00
3 Deposit
840.00
4 Cheque
185.00
5 Deposit
690.00
6 Cheque 350
685.00
6 Cheque 351
1,250.00
7 Deposit
615.00
10 Deposit
1,425.00
10 Cheque 329
197.00
11 Cheque 349
650.00
11 Cheque 352
850.00
12 Deposit
426.00
14 Cheque 354
937.00
14 Deposit
333.00
17 Payment by Authority
416.50
17 Deposit
963.00
18 Cheque 356
729.00
19 Deposit
338.00
21 Deposit
209.00
24 Cheque 357
1,255.00
24 Deposit
927.00
26 Deposit
425.00
27 Cheque 358
468.00
27 Federal Tax
32.60
27 Interest on IBD
113.40

670.00
4,571.00

1,192.00
$3,379.00 Cr.

Balance
3,901.00
4,571.00
5,411.00
5,226.00
5,916.00
5,231.00
3,981.00
4,596.00
6,021.00
5,824.00
5,174.00
4,324.00
4,750.00
3,813.00
4,146.00
3,729.50
4,692.50
3,963.50
4,301.50
4,510.50
3,255.50
4,182.50
4,607.50
4,139.50
4,106.90
4,220.30

Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr
Cr

Exercise No. 2 Question

Preparation of Bank Reconciliation Statement - Smiths Motel.
Can you please prepare the following:1. Cash Receipts Book - Addendum 002-061G
Answer - Addendum 002-061J
2. Cash Payments Book - Addendum 002-061H
Answer - Addendum 002-061K
- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439
Paper 002-061
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Page 9

3. Bank Reconciliation Statement - Addendum 002-061I

Answer - Addendum 002-061L

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
230903
Page 10

ADDENDUM 002-061A
EXERCISE NO 1 - JOHN BROWN RETAIL CLOTHING COMPANY
002-061A

Cash Receipts Book

Prior To Reconciliation Exercises

Cash
Cash
Winter Festival

1528
1529
1530

70.00
200.00
450.00

30.06.XX

John Brown

1531

20.00

GST
Payable

24.06.XX
25.06.XX
29.06.XX

Sundry
$

1,000.00
500.00
50.00

Capital
Contributed
$

1525
1526
1527

Sales
$

Amount
$

John Brown
Cash
SGIO

Received
From

02.06.XX
04.06.XX
16.06.XX

Date

Receipt No.

JOHN BROWN RETAIL CLOTHING COMPANY

CASH RECEIPTS BOOK

1,000.00
454.55
45.45
(Refund
overpaid shop
insurance)
63.63
181.81

45.45
4.55

6.37
18.19
450.00
(Window display
prize)
20.00

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
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Page 11

ADDENDUM 002-061B
BOOKKEEPING SYSTEMS - BANK RECONCILIATION STATEMENT EXERCISES
Exercise No 1 - John Brown Retail Clothing Company

08.06
10.06
11.06
11.06
15.06
19.06
22.06
25.06
28.06
29.06
30.06

150.00

196

90.00

XY Real Estate
SGIO
(Insur. Del. van)
JB Fashion Ltd
BC Furniture Co
(Store shelves)
Cash
(Drawings MBF)

197
198

50.00
250.00

199
200

400.00
600.00

201

150.00

90.91

Input Tax
Credit

195

Sundry

10000.00

Capital

194

Postage &
Stationery

35.00
600.00
20.00

Fuel & Oil

191
192
192

Electricity

205.00

M.V.
Expenses

190

Insurance

100.00
50.00
200.00

Repairs &
Maint

187
188
189

Rent

A8 Clothing Co
XY Real Estate
A Electrician
(Rep. neon sign)
Rubber Tyre Co
(Tyres Del. Van)
Ergon Energy
SGIO (Shop)
Smiths
Newsagency
Greens Motors
(New del. van)
John Jones
(Casual Wages)
BP Garage

Purchases

Amount

07.06

Chq.No.

Yr XX
01.06
02.06
04.06

Cash Payments Book

Payee

Date

002-061B

9.09
4.54
18.18

45.46
181.82
186.36

18.64
31.82

3.18
54.55
1.82

545.45
18.18
10000.00
150.00
81.8
2

8.18

45.46

4.54
22.73

227.27
363.64

36.36
54.55

545.45
150.00
- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 02.61 - Addendums

230903
Page 12

 - ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 02.61 - Addendums
230903
Page 13

ADDENDUM 002-061C
002-061C

Bank Reconciliation Statement

Exercise No 1 - John Brown Retail Clothing Company
BANK RECONCILIATION STATEMENT AS AT

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 02.61 - Addendums
230903
Page 14

ADDENDUM 002-061D
BANK RECONCILIATION STATEMENTS
SUGGESTED SOLUTION - EXERCISE NO 1 - JOHN BROWN RETAIL CLOTHING COMPANY

Cash
Cash
Winter Festival

1528
1529
1530

70.00
200.00
450.00

30.06

John Brown

1531

20.00
$2,290.00

GST
Payable

24.06
25.06
29.06

Sundry
$

1,000.00
500.00
50.00

Capital
Contributed
$

1525
1526
1527

Sales
$

John Brown
Cash
SGIO

Received
From

02.06
04.06
16.06

Date

Amount
$

Completed Cash Receipts Book

Receipt No.

002-061D

1,000.00
454.55
45.45
(Refund
overpaid shop
insurance)
63.63
181.81

45.45
4.55

6.37
18.19
450.00
(Window display
prize)
20.00

$699.99

$1,020.00

$495.45

$74.56

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 02.61 - Addendums
230903
Page 15

ADDENDUM 002-061E
BANK RECONCILIATION STATEMENT EXERCISES
Exercise No 1 - John Brown Retail Clothing Company

Yr XX
01.06
02.06
04.06
07.06
08.06
10.06
11.06
11.06
15.06
19.06
22.06
25.06
28.06
29.06
30.06
02.06

A8 Clothing Co
XY Real Estate
A Electrician
(Rep. neon sign)
Rubber Tyre Co
(Tyres Del. Van)
Ergon Energy
SGIO (Shop)
Smiths
Newsagency
Greens Motors
(New del. van)
John Jones
(Casual Wages)
BP Garage
XY Real Estate
SGIO
(Insur. Del. van)
JB Fashion Ltd
BC Furniture Co
(Store shelves)
Cash
(Drawings MBF)
FDT

187
188
189

100.00
50.00
200.00

90.91

190

205.00

191
192
192

35.00
600.00
20.00

194

10000.00

195

150.00

196
197
198

90.00
50.00
250.00

199
200

400.00
600.00

201

150.00

150.00

10.00

10.00

Input Tax
Credit

Sundry

Capital

Postage
&
Stationery

Fuel & Oil

Electricity

M.V.
Expenses

Insurance

Repairs &
Maint

Rent

Purch.

Amount

Chq.No.

Completed Cash Payments Book

Payee

Date

002-061E

9.09
4.54
18.18

45.46
181.82
186.36

18.64
31.82

3.18
54.55
1.82

545.45
18.18
10000.00
150.00
81.82

8.18
4.54
22.73

45.46
227.27
363.64

36.36
54.55

545.45

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 02.61 - Addendums
230903
Page 16

05.05

(Bank Charges)
Cheque Book
(Cheque Book)

10.00
$12920.00

10.00
$454.55

$90.92

$181.82

$545.45

$413.64

$31.82

$81.82

$18.18

$10545.45

$320.00

$236.36

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 02.61 - Addendums
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Page 17

ADDENDUM 002-061F
002-061F

Bank Reconciliation Statement

BANK RECONCILIATION STATEMENT
AS AT 30TH JUNE XXXX
JOHN BROWN RETAIL CLOTHING COMPANY

Cash Book Balance 31.5

Add Receipts

39,750.00 Cr
2,290.00
42,040.00
12,920.00
$29,120.00 Cr

Less Payments
Cash Book Balance 30.6
Bank Statement Balance 30.6
Less Unpresented cheques
200
201
Reconciled Balance as at 30.6

29,870.00 Cr
$600.00
$150.00

750.00
$29,120.00 Cr

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
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Page 18

ADDENDUM 002-061G
EXERCISE NO 2 - SMITH'S MOTEL
002-061G

Cash Receipts Book

Cash Receipts (Bank Column) of Smiths Motel for March 20XX
Date

02.03
03.03
05.03
07.03
10.03
12.03
14.03
17.03
17.03
19.03
21.03
24.03
26.03
30.03
31.03

Receipt
No.
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33

Particulars

Cash Sales
Debtor - J. Jones
Cash Sales
Cash Sales
Debtor - Jetset Travel
Cash Sales
Cash Sales
Debtor - S Green
Cash Sales
Cash Sales
Debtor - R Smart
Cash Sales
Debtor - A Blue
Cash Sales
Cash Sales
TOTAL:

Bank

400.00
440.00
690.00
615.00
1,425.00
426.00
333.00
453.00
510.00
338.00
209.00
927.00
425.00
1,254.00
739.00
$9,184.00

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
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Page 19

ADDENDUM 002-061H
EXERCISE NO 2 - SMITH'S MOTEL
002-061H

Cash Payment Book

Cash Payments (Bank Column only) of Smiths Motel for March 20XX
Date

03.03
03.03
10.03
10.03
10.03
10.03
17.03
17.03
24.03
24.03
24.03

Ch.No.
350
351
352
353
354
355
356
357
358
359
360

Particulars
Cash - Wages
Castlemaine Perkins
Cash - Wages
Fresha Eggs
Pacific Seafoods
Currey (Qld)
Cash - Wages
City Meats
Drawings - W Smith
Cash - Wages
Huggets
TOTAL:

Bank
685.00
1,250.00
850.00
130.00
937.00
395.00
729.00
1,255.00
468.00
427.00
200.00
$7,326.00

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
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Page 20

ADDENDUM 002-061I
EXERCISE NO 2 - SMITH'S MOTEL
002-061I

Bank Reconciliation Statement

as at 31 March 20XX

Cash book balance 28th February 20XX

Add Receipts
Less Payments
Cash Book Balance 31st March 20XX
Bank Statement Balance 31 March 20XX
Add Deposits not yet credited
Less Unpresented Cheques

Reconciled Balance as at 31 March 20XX

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
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Page 21

ADDENDUM 002-061J
SUGGESTED SOLUTION - EXERCISE NO 2 - SMITH'S MOTEL
002-061J

Completed Cash Receipts Book

Cash Receipts (Bank Column Only) of Smiths Motel for March 20XX
Date

02.03
03.03
05.03
07.03
10.03
12.03
14.03
17.03
17.03
19.03
21.03
24.03
26.03
30.03
31.03
27.03

Receipt
No.
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
BS

Particulars

Cash Sales
Debtor - J. Jones
Cash Sales
Cash Sales
Debtor - Jetset Travel
Cash Sales
Cash Sales
Debtor - S Green
Cash Sales
Cash Sales
Debtor - R Smart
Cash Sales
Debtor - A Blue
Cash Sales
Cash Sales
Interest on I.B.D.
TOTAL:

Bank

400.00
440.00
690.00
615.00
1,425.00
426.00
333.00
453.00
510.00
338.00
209.00
927.00
425.00
1,254.00
739.00
113.40
$9,297.40

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
220213
Page 22

ADDENDUM 002-061K
002-061K

Completed Cash Payments Book

Date

Ch.No.

03.03
03.03
10.03
10.03
10.03
10.03
17.03
17.03
24.03
24.03
24.03
27.03

350
351
352
353
354
355
356
357
358
359
360
BS

27.03

BS

Particulars
Cash - Wages
Castlemaine Perkins
Cash - Wages
Fresha Eggs
Pacific Seafoods
Currey (Qld)
Cash - Wages
City Meats
Drawings - W Smith
Cash - Wages
Huggets
Payment by Authority (Motor Vehicle
Lease)
Bank Charges
TOTAL:

Bank
685.00
1,250.00
850.00
130.00
937.00
395.00
729.00
1,255.00
468.00
427.00
200.00
416.50
32.60
$7,775.10

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
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Page 23

ADDENDUM 002-061L
002-061L

Bank Reconciliation Exercise

BANK RECONCILIATION OF SMITHS MOTEL
AS AT 31ST MARCH 20XX

Cash Book Balance 28 February 20XX

Add Receipts

3,379.00 Cr
9,297.40
12,676.40
7,775.10
$4,901.30 Cr

Less Payments
Cash Book Balance 31 March 20XX
Bank Statement Balance 31 March 20XX
Add Deposits not yet credited
30/3/XX
Rec. 32
31/3/XX
Rec 33
Less Unpresented Cheques

342
353
355
359
360
Reconciled Balance as at 31 March 20XX

4,220.30 Cr
1,254.00
739.00
160.00
130.00
395.00
427.00
200.00

1,993.00
6,213.00

1,312.00
$4,901.30 Cr

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
220213
Page 24

AN IMPORTANT MESSAGE
The forms and commentaries contained in this paper are provided as a guide only and should not form the
sole basis for any advice in relation to the particular situation of any person without first obtaining proper
professional advice.
This paper is provided on the understanding that ESS BIZTOOLS Pty Ltd (ACN: 078 451 439) will not be
responsible as a result of any use made by users hereof of the forms or commentaries of this paper
without first obtaining specific professional advice. Neither shall ESS BIZTOOLS Pty Ltd be responsible
for any errors or omissions contained in these papers. ESS BIZTOOLS Pty Ltd expressly disclaims
liability whether under contract or negligence and whether to a direct purchaser of these papers or to any
other person who may borrow or use them in respect of any loss or damage flowing therefrom whether
direct or consequential. In particular and without limiting the extent of this disclaimer ESS BIZTOOLS Pty
Ltd accepts no liability if any form or commentary contained herein, whether used in its original form or
altered in some way by the user, proves not to be valid or not to attain the end result desired by the user.
This exclusion shall extend both to the user and to any client of the user who may suffer loss as a result of
the use of these papers and it shall apply even though ESS BIZTOOLS Pty Ltd may have been negligent
in the publication or preparation of these papers. The user acknowledges that it has not made known to
ESS BIZTOOLS Pty Ltd any particular purpose for which these papers are required and that it has not
relied on ESS BIZTOOLS Pty Ltd's skill or judgement to provide a paper suitable for any such purpose.

INTELLECTUAL PROPERTY NOTICE

The authority to use all copyright, trade marks and other intellectual property rights comprised in this
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part of this paper may be used, sold, transferred, licensed, copied or reproduced in whole or in part in any
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439).

- ESS BIZTOOLS Pty Ltd - ACN: 078 451 439

Paper 002-061
220213
Page 25