O-LevelAccountingVerification of accounting records7707/12 · May/June 2024 · Q111 Mark

The bank statement of a business showed a credit balance of $280 on 31 December. At that date there were unpresented cheques of $312. A standing order of $20 had been incorrectly entered as $22 on the bank statement. What was the balance in the bank column of the cash book on 31 December?

A$30 credit

B$30 debit

C$34 credit

D$34 debit

✓ Correct answer

A: $30 credit

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2024 Paper 1 Variant 2, question 11.

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