Bank Reconciliation (Cambridge (CIE) O Level Accounting): Exam Questions

According to the bank column in his cash book, Bob had $420 in the bank on 31 October. On that same date, the statement from the bank showed a credit balance of $495 for the account.

Bob found that a bank charge for $37 had not been recorded in the cash book, and also that a cheque he had written to a supplier for $112 had not yet been debited by the bank.

What is the bank balance that Bob should show in his statement of financial position for 31 October?

Seung provided the following information on 31 October.

What was the credit balance on the bank statement at 31 October?

In her most recent bank statement, Ayanna found that the bank had charged her interest in error, and also that a credit transfer had been made to her account.

Ayanna then updated her cash book and prepared a bank reconciliation statement.

Where did she record these two items?

The bank account in Ina's cash book showed a debit balance of $230. After comparing her cash book to the bank statement, she used the information in the bank statement to update the cash book with the following items.

What was the debit balance on the bank account after Ina updated her cash book?

In a trader's cash book, the balance of the bank column was $780 debit.

When the trader received his bank statement, he discovered that the following items did not appear on it.

        cheque not yet credited $650

        cheque not yet presented $55

What was the balance on the trader's bank statement?

The bank column in Arthur's cash book showed a debit balance of $5167. Arthur discovered the following when he compared his cash book with his bank statement.

What was the closing balance shown on Arthur's bank statement?

The balance of cash at bank shown in Edith's cash book is $2300. The bank statement she received showed the balance to be $2620 at the same date.

Which one of the following could explain the difference?