A-LevelAccountingBank ReconciliationOct/Nov 2015Paper 1 Q151 Mark
A bank reconciliation statement has been prepared by an inexperienced book-keeper. | | $ | |---|---| | bank statement balance (overdrawn) | (68100) | | cheques received not paid in | 141200 | | cheques paid to suppliers, not yet presented | 209300 | | | (41800) | | cash book balance (overdrawn) | (167500) | What is the correct bank balance according to the cash book?
A$31 300 overdrawn
B$31 300
C$167500 overdrawn
D$167500
✓ Correct Answer
The correct answer is B: $31 300
📋 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...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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