A-LevelAccountingBank ReconciliationOct/Nov 2023Paper 1 Q101 Mark
A trader's cash book shows a debit balance of $12460 at 30 April. Bank charges of $4500 have not been entered in the cash book. A cheque for $14470 received from a credit customer and a cheque for $1740 paid to a supplier appear in the cash book but not on the bank statement. What is the balance shown on the bank statement at 30 April?
A$4770 credit
B$4770 debit
C$20 690 credit
D$20 690 debit
✓ 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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