Alicia's cash book showed a debit balance of $100 on her bank account. She compared her cash book to the bank statement and updated the cash book for the following items.
[Table showing: credit transfer to a credit supplier $80, credit transfer from a credit customer $112, bank interest paid $19]
What was the debit balance on the bank account after the cash book was updated?

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.

Q: Which exam paper is this question from?

This question appeared in the Cambridge O-Level Accounting Oct/Nov 2023 examination, Paper 1 Variant 3 (7707_w23_qp_13.pdf).

Question

Alicia's cash book showed a debit balance of $100 on her bank account. She compared her cash book to the bank statement and updated the cash book for the following items.
[Table showing: credit transfer to a credit supplier $80, credit transfer from a credit customer $112, bank interest paid $19]
What was the debit balance on the bank account after the cash book was updated?

Oracle Prep · Accepted Answer

The correct answer is C: $113.

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