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?

Q: What is the correct answer to this O-Level Accounting question?

The correct answer is A: $960 credit.

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.

A$960 credit

B$960 debit

C$1640 credit

D$1640 debit

✓ Correct Answer

The correct answer is A: $960 credit

📋 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 2024 examination, Paper 1 Variant 2.

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