A-LevelAccountingBank ReconciliationMay/June 2025Paper 1 Q111 Mark
A debit balance of $2600 was shown for the bank in the cash book of a business at the end of the month. The bank statement included bank charges of $1200 and interest received of $500, both of which had not been entered in the cash book. The bank column of the cash book had been overcast by $200. The cash book included a payment of $800 which had not yet appeared on the bank statement. What was the credit balance shown on the bank statement at the end of the month?
A$900
B$1700
C$2500
D$2700
✓ 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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