O-LevelAccountingVerification of accounting recordsOct/Nov 2021Paper 1 Q111 Mark
The bank columns in a trader's cash book and the bank statement both showed positive balances. A comparison revealed the following differences. $ uncredited cheque 200 bank charges not included in cash book 10 What was the difference between the balance shown in the bank column of the cash book and that shown on the bank statement?
AThe cash book balance was $190 higher than the bank statement balance.
BThe cash book balance was $190 lower than the bank statement balance.
CThe cash book balance was $210 higher than the bank statement balance.
DThe cash book balance was $210 lower than the bank statement balance.
✓ Correct Answer
The correct answer is C. 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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