O-LevelAccountingVerification of accounting records7707/13 · Oct/Nov 2023 · 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

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

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2023 Paper 1 Variant 3, question 13.

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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?

✓ Correct answer

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