A-LevelAccountingBank Reconciliation StatementsMay/June 2012Paper 1 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
The correct answer is A. This question tests the candidate's understanding of bank reconciliation statements 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...
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