Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

An accountant drew up a bank reconciliation statement. He then found the following discrepancies between the bank statement and the cash book. 1 a sum received from a customer by credit transfer 2 bank service charges 3 cheques not yet presented Which of these differences must be entered in the cash book to bring it up to date?

  • A1 and 2 only
  • B1, 2 and 3
  • C1 and 3 only
  • D2 and 3 only

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI