O-LevelAccountingVerification of accounting records7707/11 · May/June 2015 · Q71 Mark

On 1 May a trader's bank statement showed an overdraft of $80. The following were recorded in the cash book but did not appear on the bank statement. cheques not presented $194 amounts not credited $334 What was the balance in the cash book on 1 May?

A$60 debit

B$60 credit

C$220 debit

D$220 credit

✓ Correct answer

A: $60 debit

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2015 Paper 1 Variant 1, question 7.

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