A-LevelAccountingReconciliation and verification9706/12 · May/June 2012 · Q71 Mark

The table shows details relating to a company's banking transactions at 31 December. $ balance at bank as per bank statement 22 650 uncleared lodgements 3 110 unpresented cheques 6 290 bank credit recorded twice by bank in error 650 Which balance for cash at bank should appear in the statement of financial position at 31 December?

A$18 820

B$20 120

C$25 180

D$26 480

✓ Correct answer

A: $18 820

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill Reconciliation and verification and see which topics are most likely to come up next.

About this question

Topic: Reconciliation and verification, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2012 Paper 1 Variant 2, question 7.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Accounting questions

Reconciliation and verificationFeb/Mar 20161m

The trial balance totals are as follows: debit $500 150 credit $500 000 Which error could have caused the difference?

Reconciliation and verificationFeb/Mar 20171m

Why is a sales ledger control account used? 1 to control discounts received 2 to ensure credit customers pay promptl…

Reconciliation and verificationFeb/Mar 20171m

A purchases ledger control account was prepared but contained a number of errors. purchases ledger control account …

Preparation of financial statementsFeb/Mar 20181m

The following is an extract from a statement of changes in equity. ordinary share general retained share capital prem…

Analysis and communication of accounting informationFeb/Mar 20181m

The following has been extracted from the financial statements of a business. $ revenue 135000 total capital employed…

Analysis and communication of accounting informationFeb/Mar 20181m

The statement of financial position of X Limited at 31 December 2017 shows the following. $000 non-current assets 135…

← Browse all past-paper questions