O-LevelAccountingVerification of accounting records7707/11 · Oct/Nov 2015 · Q61 Mark

On 1 April a trader's cash book showed a debit balance of $3204. No entry had been made in the cash book for bank charges of $78. Deposits of $288 had not been credited by the bank. What was the credit balance on the bank statement on 1 April?

A$2838

B$2994

C$3414

D$3570

✓ Correct answer

A: $2838

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2015 Paper 1 Variant 1, question 6.

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