A-LevelAccountingControl Accounts and ReconciliationMay/June 2019Paper 1 Q51 Mark
A book-keeper compared the business bank statement with the cash book. He then updated the cash book and finally prepared a bank reconciliation statement. Why was the bank reconciliation statement prepared?
Ato ensure no transactions had been omitted from the cash book
Bto establish the value of unpresented cheques
Cto explain the difference between the cash book balance and the bank statement balance
Dto find out if any cheques had been dishonoured
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of control accounts and reconciliation 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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