Accounting Multiple Choice Question – 1 October 2023

Alex’s cash book shows a debit balance of £12,460 at 30 June 2023.

Bank charges of £4,500 have NOT been entered in the cash book.

A cheque for £14,470 received from a trade receivable and a cheque for £1,740 paid to a trade payable appear in the cash book but not on the bank statement.

What is the balance shown on the bank statement at 30 June 2023?

Select ONE answer:

1. £4,770 credit
2. £4,770 debit
3. £20,690 credit
4. £20,690 debit

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 2

1. Not correct
2. Correct == > £12,460 – £4,500 – £14,470 + £1,740
3. Not correct
4. Not correct

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