O-LevelAccountingVerification of accounting recordsOct/Nov 2019Paper 1 Q81 Mark

Which statement about a bank reconciliation statement is correct?

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.

AIt is part of the double entry system.

BIt is prepared by the bank to compare the cash book balance with the bank statement balance.

CIt is prepared by the trader to compare the cash book balance with the bank statement balance.

DIt is only prepared when the bank account is overdrawn.

✓ Correct Answer

The correct answer is C: It is prepared by the trader to compare the cash book balance with the bank statement balance.

📋 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 2.

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