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Exam-style practice

Bank reconciliation answer explanations

Review worked answers and explanations for Bank reconciliation. Aligned to Cambridge IGCSE Accounting.

Answer explanations

Question 1 of 2

Review the answer support, then move sideways through the set.

Paper 2 structured question: Bank reconciliation

Paper 2Structured Written Paper2 marks

Description

Bank Reconciliation Statement

The cash book shows a balance of £5,000. The bank statement shows a balance of £4,800. There are bank fees of £50, interest received of £20, and a cheque of £200 that has not yet been presented.

  1. a

    Calculate the adjusted cash book balance after accounting for bank fees and interest received.

    [2]