A-LevelAccountingBank ReconciliationMay/June 2013Paper 1 Q71 Mark

At the financial year end of a business the following information is available. [Table: debit balance on the bank statement 1000, unpresented cheques 300, lodgements not yet credited by the bank 600, bank charges and interest charged not yet entered in the cash book 150] What is the current balance in the cash book?

Q: What is the correct answer to this A-Level Accounting question?

The correct answer is C: $550 credit.

Q: What topic does this question test?

This question tests Bank Reconciliation in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A$400 credit

B$400 debit

C$550 credit

D$550 debit

✓ Correct Answer

The correct answer is C: $550 credit

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Accounting Question

Topic

This multiple-choice question tests Bank Reconciliation in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting May/June 2013 examination, Paper 1 Variant 2.

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