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O-LevelAccountingVerification of accounting records7707/11 · May/June 2024 · Q101 Mark

A business has received a bank statement. The bank statement shows the following entries. 1. a cheque issued to a credit supplier 2. a cheque received from a credit customer 3. a monthly rent payment made by standing order 4. charges made by the bank Which items appear in the debit column of the bank statement?

A1, 3 and 4
B1 and 3 only
C1 only
D2

✓ Correct answer

A: 1, 3 and 4

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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, May/June 2024 Paper 1 Variant 1, question 10.

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