Accounting 0452 · IGCSE · Bank reconciliation

Bank reconciliation — practice question

The bank column balance in a trader’s cash book stood at a debit balance of $520. The trader subsequently realised that the following items were absent from his bank statement. cheque not yet presented $80 cheque not yet credited $470 What balance appeared on the trader’s bank statement?

  • A$130 credit
  • B$130 debit
  • C$910 credit
  • D$910 debit

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