Accounting Multiple Choice Question – 29 October 2021

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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