O-LevelAccountingSources and recording of data7707/13 · Oct/Nov 2024 · Q111 Mark

What is true about a bank statement? 1 It is a demand by the bank for repayment of an overdraft. 2 It shows a positive bank balance as a debit balance. 3 It shows transactions affecting the bank account in a given period.

A1 and 2

B1 only

C2 and 3

D3 only

✓ Correct answer

D: 3 only

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2024 Paper 1 Variant 3, question 11.

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