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?

Q: What topic does this question test?

This question tests Verification of accounting records in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

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: entered on the debit side of the cash book

📋 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 O-Level Accounting Question

Topic

This multiple-choice question tests Verification of accounting records in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Source

This question appeared in the Cambridge O-Level Accounting Oct/Nov 2019 examination, Paper 1 Variant 1.

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