O-LevelAccountingVerification of accounting recordsOct/Nov 2022Paper 2 Q320 Marks
MG has been in business for a number of years as a furniture manufacturer. On 31 August 2022 the bank column of his cash book showed the business had $25600 in the bank account. The bank statement on this date showed a credit balance of $24815. The following transactions were included only in the cash book. Cheque paid to JW $ Cheque received from TH 680 910 In addition, an error had been identified. A standing order for rates of $205 had incorrectly been recorded in the cash book as $255. The following transactions were included only on the bank statement. Dishonoured cheque received from RJ $ Insurance paid by direct debit 420 Bank charges 110 75
📋 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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