A-LevelAccountingReconciliation and verification9706/12 · May/June 2014 · 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

B: $4200 debit

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Topic: Reconciliation and verification, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2014 Paper 1 Variant 2, question 8.

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