Accounting 0452 · IGCSE · Books of prime entry

Books of prime entry — practice question

At $1$ March $2020$, the bank column of a cash book showed a credit balance of $\$290$. In March, cheques with a total value of $\$580$ were received, and cheques amounting to $\$610$ were paid to suppliers. Bank charges of $\$12$ that had been incurred in February were also recorded in the cash book. What was the balance on the bank column in the cash book at $1$ April $2020$?

  • A$\$248$ credit
  • B$\$248$ debit
  • C$\$332$ credit
  • D$\$332$ 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