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Cambridge IGCSE Accounting practice

What is the main purpose of a bank statement?

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Show answerBank reconciliation revisionRevise the key idea

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MCQ

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cambridge_mcq

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Topic

Bank reconciliation

Exam-style question

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What is the main purpose of a bank statement?.

  1. A.To summarize account transactions
  2. B.To provide a loan
  3. C.To calculate interest rates
  4. D.To issue cheques

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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.

    Aim for approximately 2 distinct marking points.

    [2]