A-LevelAccountingBank ReconciliationMay/June 2023Paper 1 Q81 Mark
A bank statement shows a credit balance of $8360. Comparison with the cash book reveals: 1 bank charges of $124 have not been entered in the cash book 2 cheques received from customers for $16223 have not been credited by the bank 3 cheques sent to suppliers for $18725 have not been presented. What is the correct cash book balance?
A$5734 credit
B$5734 debit
C$5858 debit
D$10986 credit
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of bank 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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