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?

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.

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: cheques to suppliers, $240, not yet presented to the bank

📋 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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About This O-Level Accounting Question

Topic

This multiple-choice question tests Verification of accounting records in O-Level Accounting (syllabus code 7707). It is worth 1 mark.

Source

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

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