Accounting Multiple Choice Question – 17 September 2022

A draft Balance Sheet shows a bank balance of £1,400.

The following information is now available.

• cheques issued but not yet cleared by the bank – £150
• bank charges not in the cash book – £45
• lodgements in the cash book but not on the bank statement – £220

What is the figure shown on the Bank Statement?

Select ONE answer:

1. £1,285
2. £1,355
3. £1,425
4. £1,515

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 – £1,400 + £150 – £220 – £45
2. Not correct
3. Not correct
4. Not correct

This work is licensed under a Creative Commons Attribution 4.0 International License.