A-LevelAccountingPreparation of financial statements9706/12 · May/June 2014 · Q141 Mark

A business owner suspects a loss of cash has occurred. He provides the data shown. $, cash balance at the start of the month 150, cash balance at the end of the month 100, cash banked 10 200, cash sales for the month 10500 How much cash has been lost?

A$200

B$250

C$300

D$350

✓ Correct answer

D: $350

Practise more questions on this topic

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

About this question

Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, May/June 2014 Paper 1 Variant 2, question 14.

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

Preparation of financial statementsFeb/Mar 20161m

A company provided the following information. material units cost per unit $ opening inventory 100 2.00 receipt of ne…

Preparation of financial statementsFeb/Mar 20171m

The following balances related to Ladha's business. At 31 March 2016: total assets $388000, total liabilities $84000…

Preparation of financial statementsFeb/Mar 20171m

A trial balance showed a provision for doubtful debts as $1350. Trade receivables were $50320 which included a debt o…

Reconciliation and verificationFeb/Mar 20161m

A sales ledger control account was prepared. An irrecoverable debt of $40 was omitted and a discount allowed of $68 w…

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?

Analysis and communication of accounting informationFeb/Mar 20161m

The statement of the financial position of a company shows the following: $ tangible non-current assets 20 600 intang…

← Browse all past-paper questions