O-LevelAccountingVerification of accounting records7707/12 · Oct/Nov 2025 · Q121 Mark

After receiving her bank statement, Lyn updated her cash book. Which items would reduce the overdrawn balance in the cash book? 1 bank interest received 2 credit transfer received 3 direct debit payment

A1 and 2

B1 and 3

C2 and 3

D3 only

✓ Correct answer

A: 1 and 2

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2025 Paper 1 Variant 2, question 12.

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