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O-LevelAccountingVerification of accounting records7707/13 · Oct/Nov 2021 · 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

C: The cash book balance was $210 higher than the bank statement balance.

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About this question

Topic
Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2021 Paper 1 Variant 3, question 11.

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