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O-LevelAccountingVerification of accounting records7707/11 · Oct/Nov 2017 · Q71 Mark

What is correct about a bank reconciliation statement?

Aprepared by the bank: no, prepared by the trader: yes, part of double entry book-keeping: no
Bprepared by the bank: no, prepared by the trader: yes, part of double entry book-keeping: yes
Cprepared by the bank: yes, prepared by the trader: no, part of double entry book-keeping: no
Dprepared by the bank: yes, prepared by the trader: no, part of double entry book-keeping: yes

✓ Correct answer

A: prepared by the bank: no, prepared by the trader: yes, part of double entry book-keeping: no

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About this question

Topic
Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, Oct/Nov 2017 Paper 1 Variant 1, question 7.

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