O-LevelAccountingVerification of accounting records7707/12 · May/June 2015 · Q61 Mark

A trader received his monthly bank statement. Which item(s) may have appeared on this statement? 1 bank charges 2 credit transfers 3 unpresented cheques

A1 and 2

B1 only

C2 and 3

D3 only

✓ Correct answer

A: 1 and 2

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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 2, question 6.

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