Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

At the close of every month, Rudra draws up bank reconciliation statements for his business.
(a)[3]

State three reasons why it is important for a business to prepare bank reconciliation statements at regular intervals.

(b)[6]

Prepare the cash book to show the revised balance at 31 March 2022. Dates are not needed.

(c)[4]

Prepare a bank reconciliation statement so that the bank statement balance at 31 March 2022 is shown.

(d(i))[1]

Define the term unpresented cheque.

(d(ii))[1]

Define the term dishonoured cheque.

Worked solution & mark scheme

This 15-mark question has a full step-by-step worked solution and mark scheme. One marking point: Spot errors in cash book/bank statement

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