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?
A$1600
B$1925
C$2075
D$2225
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of bank reconciliation within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
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