Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

At 31 December, the following details are given about a company's banking transactions. Balance at bank per bank statement: $22650; uncleared deposits: $3110; unpresented cheques: $6290; bank credit recorded twice by bank in error: $650. What amount for bank should be entered in the statement of financial position at 31 December?

  • A$18820
  • B$20120
  • C$25180
  • D$26480

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