O-LevelAccountingVerification of accounting recordsOct/Nov 2023Paper 1 Q131 Mark
The balance of cash at bank shown in the cash book is $1200. The bank statement at the same date shows the balance to be $1440. What could explain the difference?
Apayment to a supplier, $120, entered on the wrong side of the cash book
Bbank charges, $240, not in the cash book
Ccheques to suppliers, $240, not yet presented to the bank
Dreceipts from customers, $240, banked but not yet entered in the bank statement
✓ 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...
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