A-LevelAccountingBank ReconciliationFeb/Mar 2020Paper 1 Q71 Mark
A company's bank statement showed a credit balance of $2000. The following errors were found. 1 A receipt of $2700 and a payment for $3000 were recorded on the bank statement. Both had been omitted from the cash book. 2 Bank charges of $500 were correctly shown on the bank statement but had been recorded as $600 in the cash book. What was the cash book balance before the errors were corrected?
A$1600
B$1800
C$2200
D$2400
✓ Correct Answer
The correct answer is C. 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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