Bank reconciliation — Paper 1 · IGCSE Accounting (9-1) 0985

12 Peter’s bank statement showed a debit balance of $600 on 1 April. The following transactions took place in April. $ total cheque deposits 7400 total cheque payments 6200 direct debit for insurance premium 180 credit transfer from customer 450 What was the bank statement balance on 30 April? A $870 credit B $870 debit C $2070 credit D $2070 debit

1 marks

Answer: A

This question in 0985/11 May/June 2020

4 On 2 April Nina received a cheque from Zaffar, a credit customer. On 12 April the cheque was returned unpaid by the bank. What entry would Nina make on 12 April? account to be debited account to be credited A irrecoverable debts bank B irrecoverable debts Zaffar C provision for doubtful debts Zaffar D Zaffar bank

1 marks

Answer: D

This question in 0985/12 May/June 2020

13 What would result in a cash book balance being lower than the balance showing on a bank statement? A A cheque received from a customer was not recorded in the bank statement. B A customer’s cheque dishonoured by the bank appeared only on the bank statement. C Payment by a customer directly into the bank was not recorded in the cash book. D Payment of insurance by standing order was not recorded in the cash book.

1 marks

Answer: C

This question in 0985/12 May/June 2020

12 A trader’s bank statement showed a credit balance of $2940. The following items had not been entered in the cash book. $ bank interest received 70 credit transfer 280 What was the debit balance in the cash book before it was updated? A $2590 B $2730 C $3150 D $3290

1 marks

Answer: A

This question in 0985/12 Oct/Nov 2020

8 Which item would not be shown on a bank statement? A a cheque returned by the bank marked as ‘refer to drawer’ B a monthly payment made for electricity by direct debit C bank charges D unpresented cheques

1 marks

Answer: D

This question in 0985/11 May/June 2021

12 Jamal’s bank statement at 1 May 2021 showed a bank overdraft of $1460. At that date there were unpresented cheques of $385 and uncredited deposits of $255. What was the cash book balance on 1 May 2021? A $1330 credit B $1330 debit C $1590 credit D $1590 debit

1 marks

Answer: C

This question in 0985/12 May/June 2021

11 A standing order paid for rent has not been entered into the accounting records of a business. Which statement is correct? A Because the payment was made automatically, no additional entries are required in the accounting records. B Because the payment was made automatically, only an entry in the rent account is required. C Entries are required in the cash book and in the bank reconciliation statement. D Entries are required in the cash book and in the nominal (general) ledger.

1 marks

Answer: D

This question in 0985/12 Oct/Nov 2021

12 The bank statement of a business had a credit balance of $2690 on 1 October 2021. At that date cheques totalling $850 had not yet been presented for payment. What was the bank balance in the cash book on 1 October 2021? A $1840 credit B $1840 debit C $3540 credit D $3540 debit

1 marks

Answer: B

This question in 0985/12 Oct/Nov 2021

11 Raj had a debit balance of $10 800 in the bank column of his cash book. He discovered that purchases, $890, paid by cheque, had been recorded as $980. The following appeared in the bank statement but had not been entered in the cash book. $ bank charges 76 interest received 120 What was the debit balance in the bank column of Raj’s cash book after adjusting for these items? A $10 514 B $10 666 C $10 754 D $10 934

1 marks

Answer: D

This question in 0985/11 May/June 2022

12 Naila provided the following information at 31 August. $ debit balance in cash book at 31 August 449 uncredited deposits 424 unpresented cheques 175 interest charged in error by the bank 10 What was the credit balance on the bank statement at 31 August? A $190 B $210 C $688 D $708

1 marks

Answer: A

This question in 0985/11 May/June 2023

3 A cheque received from Kate, a credit customer, was dishonoured. How was this dishonoured cheque recorded? account account debited credited A bank Kate B Kate bank C Kate sales D sales Kate

1 marks

Answer: B

This question in 0985/12 May/June 2023

11 Waseem received a bank statement. He found that the bank had charged interest twice in error and that a dividend had been received on an investment. Waseem then updated the cash book and prepared a bank reconciliation statement. Where did he record these two items? bank error dividend A bank reconciliation statement bank reconciliation statement B bank reconciliation statement updated cash book C updated cash book bank reconciliation statement D updated cash book updated cash book

1 marks

Answer: B

This question in 0985/12 May/June 2023

12 The balance of the bank column in a trader’s cash book was $520 debit. The trader later discovered that the following items did not appear on his bank statement. cheque not yet presented $80 cheque not yet credited $470 What was the balance on the trader’s bank statement? A $130 credit B $130 debit C $910 credit D $910 debit

1 marks

Answer: A

This question in 0985/12 Oct/Nov 2023

10 A business has received a bank statement. The bank statement shows the following entries. 1. a cheque issued to a credit supplier 2. a cheque received from a credit customer 3. a monthly rent payment made by standing order 4. charges made by the bank Which items appear in the debit column of the bank statement? A 1, 3 and 4 B 1 and 3 only C 1 only D 2

1 marks

Answer: A

This question in 0985/11 May/June 2024

11 On 31 May the bank statement of a business showed a positive bank balance of $1790. Comparing the bank statement with the cash book the following items were discovered. The bank had charged $35 in error. Unpresented cheques totalled $550. Uncredited deposits totalled $250. What was the cash book balance? A $1455 B $1490 C $1525 D $2125

1 marks

Answer: C

This question in 0985/11 May/June 2024

10 What would result in the cash book balance being lower than the bank statement balance? A A cheque received from a customer was not recorded in the bank statement. B A customer’s cheque dishonoured by the bank appeared only on the bank statement. C Payment by a customer directly into the bank was not recorded in the cash book. D Payment of insurance by standing order was not recorded in the cash book.

1 marks

Answer: C

This question in 0985/12 May/June 2024

11 The bank statement of a business showed a credit balance of $280 on 31 December. At that date there were unpresented cheques of $312. A standing order of $20 had been incorrectly entered as $22 on the bank statement. What was the balance in the bank column of the cash book on 31 December? A $30 credit B $30 debit C $34 credit D $34 debit

1 marks

Answer: A

This question in 0985/12 May/June 2024

10 The bank statement of a business had a credit balance of $2690 on 31 October. At that date cheques issued which had not been presented totalled $850. What was the bank balance in the cash book on 31 October? A $1840 credit B $1840 debit C $3540 credit D $3540 debit

1 marks

Answer: B

This question in 0985/12 Oct/Nov 2024

11 The bank column of a trader’s cash book showed an overdrawn balance of $1200. When the trader compared the cash book with the bank statement he found the following items were not included in the cash book. $ bank charges 100 credit transfer 400 direct debit 60 What was the balance brought down in the bank column of the cash book after it was updated? A $960 credit B $960 debit C $1640 credit D $1640 debit

1 marks

Answer: A

This question in 0985/12 Oct/Nov 2024

11 Somraj’s bank statement showed a credit balance of $740 at 31 January. Somraj compared the bank statement with his cash book and updated the cash book after he found the following: $ bank charges not recorded in the cash book 30 cheque paid but not presented to the bank 150 What was the updated cash book balance at 31 January? A $590 B $620 C $860 D $890

1 marks

Answer: A

This question in 0985/11 May/June 2025

11 A trader was reconciling his bank statement with the updated balance of his cash book. There were unpresented cheques and uncredited deposits. The bank statement did not contain any errors. He started preparing his bank reconciliation statement with the credit balance on the bank statement. How did he arrive at his updated cash book balance? A by adding both unpresented cheques and uncredited deposits B by subtracting both unpresented cheques and uncredited deposits C by adding unpresented cheques and subtracting uncredited deposits D by subtracting unpresented cheques and adding uncredited deposits

1 marks

Answer: D

This question in 0985/12 May/June 2025