O-LevelAccountingVerification of accounting recordsOct/Nov 2023Paper 1 Q121 Mark
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?
A$49
B$73
C$113
D$151
✓ 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep