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?

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.

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: The cash book balance was $210 higher than 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 2021 examination, Paper 1 Variant 3.

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