O-LevelAccountingSources and recording of dataOct/Nov 2024Paper 1 Q121 Mark
On 30 June the bank column in Farad's cash book showed an overdrawn balance of $2000. The following items had not been entered in the cash book. standing order for rent $200 interest on bank overdraft $50 credit transfer from X Limited $2900 What was the corrected balance of the bank column in the cash book at 1 July?
A$650 credit
B$650 debit
C$1150 credit
D$1150 debit
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of sources and recording of data 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