A-LevelAccountingBank Reconciliation StatementsMay/June 2014Paper 1 Q81 Mark
The bank column of a cash book showed a credit balance of $5000. There were unpresented cheques amounting to $1500. The bank statement showed bank charges of $700 not in the cash book. What is the balance on the bank statement?
A$3300 debit
B$4200 debit
C$4200 credit
D$5800 credit
✓ Correct Answer
The correct answer is B. 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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