◈ Oracle PrepSign Up Free
O-LevelAccountingVerification of accounting records7707/11 · Oct/Nov 2019 · 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

B: entered on the debit side of the cash book

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Verification of accounting records and see which topics are most likely to come up next.

Sign up free →

About this question

Topic
Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2019 Paper 1 Variant 1, question 7.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Accounting questions

Verification of accounting recordsMay/June 20121m

On 31 March 2012, Ahmed's bank statement showed a credit balance of $2500. Ahmed found that a cheque issued for $90 a…

Verification of accounting recordsMay/June 20121m

What is a trial balance?

Verification of accounting recordsMay/June 20121m

Which is an error of omission?

Preparation of financial statementsMay/June 20101m

On 1 January 2009 there was a credit balance on the wages account of $2000. Wages paid during the year amounted to $4…

Preparation of financial statementsMay/June 20101m

Rashid maintains a provision for doubtful debts of 5% of the trade receivables (debtors) at the end of each year. Tra…

Accounting principles and policiesMay/June 20101m

A taxi firm received $500 from passengers. The firm sold a vehicle for $5000. How should these receipts be treated?

← Browse all past-paper questions

© 2026 Oracle Prep