O-LevelAccountingVerification of accounting recordsOct/Nov 2019Paper 1 Q71 Mark
A trader is preparing to draw up a bank reconciliation statement. How should the bank interest received be treated?
Aentered on the credit side of the cash book
Bentered on the debit side of the cash book
Cincluded in the amounts not yet credited in the bank reconciliation statement
Dincluded in the unpresented cheques in the bank reconciliation statement
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of verification of accounting records 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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