O-LevelAccountingVerification of accounting recordsOct/Nov 2020Paper 1 Q121 Mark

A trader's bank statement showed a credit balance of $2940. The following items had not been entered in the cash book. $ bank interest received 70 credit transfer 280 What was the debit balance in the cash book before it was updated?

Q: What is the correct answer to this O-Level Accounting question?

The correct answer is A: $2590.

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.

A$2590

B$2730

C$3150

D$3290

✓ Correct Answer

The correct answer is A: $2590

📋 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 2020 examination, Paper 1 Variant 2.

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