What this practice covers
These questions are drawn from past CIE 9706 Accounting papers and filtered to bank reconciliation statements. You answer, you find out immediately whether you were right, and you get the reasoning for the correct option and for each distractor. Wrong answers go to a mistakes locker so you can come back to exactly those.
Practice is free. You need an account only so your progress and your mistakes are still there next time.
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What examiners see students get wrong here
These are the errors that cost marks on bank reconciliation statements, taken from our own topic notes. Read them before you practise and you will recognise the traps in the questions.
- Putting bank charges or standing orders in the reconciliation statement instead of the cash book.
- Reversing the treatment of unpresented cheques and outstanding lodgements.
- Using the original cash book balance rather than the corrected one in the reconciliation.
- Forgetting that a dishonoured cheque must also be debited back to the customer's account.
- Mishandling an overdraft by ignoring the sign.
- Showing the bank statement balance in the statement of financial position. The corrected cash book balance goes there.
Revise it first
If any of the above is unfamiliar, work through the notes before practising: Bank reconciliation statements revision notes.