Accounting Multiple Choice Question – 29 October 2021

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The table shows details relating to a company’s banking transactions at 31 December.

  • balance at bank per bank statement  —  £22,650
  • uncleared lodgements  —  £3,110
  • unpresented cheques  —  £6,290
  • bank credit recorded twice by bank in error  —  £650

Which balance for cash at bank should appear in the Balance Sheet at 31 December? 

Select ONE answer:

  1. £18,820
  2. £20,120
  3. £25,180
  4. £26,480

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

  1. Correct ==> £22,650 – £6,290 + £3,110 – £650
  2. Not correct
  3. Not correct
  4. Not correct

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