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Cambridge IGCSE Accounting practice

Paper 2 structured question: Bank reconciliation

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Bank reconciliation

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Paper 2Structured Written Paper4 marks

A company needs to prepare a bank reconciliation statement.

Description

Bank Reconciliation Statement Preparation

The cash book shows a balance of £3,000. The bank statement shows a balance of £2,900. There are outstanding cheques of £100 and a deposit of £200 not yet credited.

  1. a

    Explain the steps to prepare a bank reconciliation statement for the company.

    Aim for approximately 4 distinct marking points.

    [4]

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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]