A-LevelAccountingBank Reconciliation StatementsMay/June 2017Paper 1 Q81 Mark
The following items are recorded in the cash book of a business but not yet recorded in its bank statement. $ cheques drawn 3000 amounts banked 250 The cash book shows a bank balance of $2600 credit. What is the balance on the bank statement?
A$150 credit
B$150 debit
C$400 credit
D$400 debit
✓ 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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