O-LevelAccountingVerification of accounting recordsOct/Nov 2024Paper 1 Q111 Mark
The bank column of a trader's cash book showed an overdrawn balance of $1200. When the trader compared the cash book with the bank statement he found the following items were not included in the cash book. bank charges $100 credit transfer $400 direct debit $60 What was the balance brought down in the bank column of the cash book after it was updated?
A$960 credit
B$960 debit
C$1640 credit
D$1640 debit
✓ Correct Answer
The correct answer is A. 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