A-LevelAccountingBank ReconciliationOct/Nov 2018Paper 1 Q71 Mark

The table shows extracts from a business's bank reconciliation. balance per cash book at 31 December $2075 debit balance per bank statement at 31 December $2250 credit bank charges per bank statement not entered in cash book $150 outstanding cheques not presented at the year end $325 What is the bank balance to be shown in the financial statements?

Q: What is the correct answer to this A-Level Accounting question?

The correct answer is B: $1925.

Q: What topic does this question test?

This question tests Bank Reconciliation in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A$1600

B$1925

C$2075

D$2225

✓ Correct Answer

The correct answer is B: $1925

📋 Examiner Report & Trap Analysis

Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Accounting Question

Topic

This multiple-choice question tests Bank Reconciliation in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2018 examination, Paper 1 Variant 2.

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