The year-end balance in the cash book was $23780. This was different from the balance on the bank statement. The difference was due to the following items.
$
bank charges 216
a customer's cheque which was dishonoured 1375
a bank error meant a cheque was incorrectly debited to the bank account 560
What should be the value of bank in the statement of financial position?

Q: What topic does this question test?

This question tests Bank Reconciliation in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Q: Which exam paper is this question from?

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2016 examination, Paper 1 Variant 2 (9706_w16_qp_12.pdf).

Question

The year-end balance in the cash book was $23780. This was different from the balance on the bank statement. The difference was due to the following items.
$
bank charges 216
a customer's cheque which was dishonoured 1375
a bank error meant a cheque was incorrectly debited to the bank account 560
What should be the value of bank in the statement of financial position?

Oracle Prep · Accepted Answer

The correct answer is B: $22189.

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