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A-LevelAccountingReconciliation and verification9706/12 · Feb/Mar 2023 · Q101 Mark

At the month end, a business bank statement showed a credit balance of $12697. This did not agree with the cash book balance. The following differences were found. 1 A cheque received, $7170, was entered as $7710 in the cash book. 2 A cheque paid in, $2400, had not been cleared by the bank. 3 A standing order, $450, was recorded in the cash book but had not been paid by the bank. 4 Bank interest payable of $642 had not been entered in the cash book. What was the cash book balance before the necessary corrections were made?

A$9565
B$13429
C$14995
D$15829

✓ Correct answer

D: $15829

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About this question

Topic
Reconciliation and verification, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, Feb/Mar 2023 Paper 1 Variant 2, question 10.

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