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Bank Reconciliation Statements Edexcel

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0% found this document useful (0 votes)
522 views9 pages

Bank Reconciliation Statements Edexcel

Uploaded by

MMNK
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 9

1.

15 At the end of each month, Razha prepares a bank reconciliation statement.

(a) Describe two reasons why it is necessary to do this.


(4)

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2 . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . .

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(b) State two items that may appear in a bank statement but which will not appear in
the cash book until after the bank statement has been received.
(2)

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2 . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . .

11
*S55185A01119*
Pearson Edexcel International GCSE in Accounting 15
Sample Assessment Materials – Issue 1 – October 2016 © Pearson Education Limited 2016
Turn over
Razha’s cash book for the month of September 2017 showed the following entries.
Cash Book
(bank columns only)

Amount Amount
Date Details Date Details
Taka Taka

1 Sept Balance b/f 650 2 Sept Ch 2346 Smith 145

3 Sept Cash banked 1 200 5 Sept Ch 2347 Walter 688

24 Sept Cash banked 2 181 18 Sept Ch 2348 Mang and Tong 365

30 Sept Cash banked 2 237 25 Sept Ch 2349 World Telecom 591

29 Sept Ch 2350 Livingstone Ltd 875

30 Sept Balance c/d 3 604

6 268 6 268

1 Oct Balance b/d 3 604

On 1 October 2017 Razha received the following bank statement for September 2017.
Razha
Bank Statement

Date Transaction Receipts Payments Balance

Taka Taka Taka

1 Sept Balance b/f 860 Cr

2 Sept Cheque 2345 210 650 Cr

3 Sept Bank Giro Credit 1 200 1 850 Cr

10 Sept Cheque 2346 145 1 705 Cr

15 Sept Cheque 2347 688 1 017 Cr

24 Sept Bank Giro Credit 2 181 3 198 Cr

29 Sept Cheque 2348 365 2 833 Cr

12
*S55185A01219*
16 Pearson Edexcel International GCSE in Accounting
Sample Assessment Materials – Issue 1 – October 2016 © Pearson Education Limited 2016
(c) Prepare a bank reconciliation statement at 30 September 2017.
(7)

Razha
Bank Reconciliation Statement
at 30 September 2017

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(d) On 30 September 2017 Razha prepared a statement of financial position.


(i) State the amount that should be shown for cash at bank.
(1)

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(ii) State where this amount would be shown in the statement of financial
position.
(1)

. . . . . . . . . . . .................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . .

(Total for Question 15 = 15 marks)

13
*S55185A01319*
Pearson Edexcel International GCSE in Accounting 17
Sample Assessment Materials – Issue 1 – October 2016 © Pearson Education Limited 2016
Turn over
SECTION B
Answer ALL questions in this section. Write your answers in the spaces provided.
2. On 30 April 2019 Sanit received his bank statement, which showed a debit balance of
14
$600. On the same day his cash book showed a credit balance of $1 358.
After checking the cash book against the bank statement, he identified the following
errors and omissions.
• Bank charges of $32 had not been entered in the cash book.
• A direct debit for $165 for insurance had not been entered in the cash book.
• A credit transfer for $410 from Kamil had been entered in error on the wrong side
of the cash book.
• A cheque paid to a supplier for $315 had not yet been presented for payment.
• Money deposited in the bank, $180, was not on the bank statement.
(a) Prepare an updated cash book at 30 April 2019. Balance the cash book on that
date and bring the balance down on 1 May 2019.
(5)

Cash Book (bank column)

Date Date
Details $ Details $
2019 2019

8
*P62009A0820*
(b) Prepare a bank reconciliation statement at 30 April 2019.
(6)

Sanit

Bank reconciliation statement at 30 April 2019

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................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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(c) Define the terms:


(i) standing order
(2)

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(ii) direct debit.


(2)

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(Total for Question 14 = 15 marks)

9
*P62009A0920* Turn over
3. (a) State two benefits of using technology in accounting.
18
(2)

DO NOT WRITE IN THIS AREA

DO NOT WRITE IN THIS AREA


1 .. ............................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ........................................................................................................................................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 .. ............................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b) Complete the table, indicating with a tick () how each item would be classified
when purchasing hardware.
(3)

Item Capital Revenue


expenditure expenditure
Installation cost

Delivery cost

DO NOT WRITE IN THIS AREA


DO NOT WRITE IN THIS AREA
Consumables

A trader received a bank statement on 31 March 2020 showing a credit balance of


$791. On the same date the cash book showed a debit balance of $1210.
The following had not been entered in the cash book:
• a standing order for insurance, $345
• bank interest received, $15
• a dishonoured cheque from Jones, $265
(c) Update the cash book showing the adjusted balance at 31 March 2020.
(4)
Cash book – bank column
DO NOT WRITE IN THIS AREA

Date Details $ Date Details $ DO NOT WRITE IN THIS AREA

18
*P63011A01820*
The following had not yet been processed by the bank:
• unpresented cheques, $656
DO NOT WRITE IN THIS AREA

DO NOT WRITE IN THIS AREA

• outstanding lodgements, $480


(d) Prepare a bank reconciliation statement at 31 March 2020.
(6)
Bank reconciliation statement at 31 March 2020

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
DO NOT WRITE IN THIS AREA
DO NOT WRITE IN THIS AREA

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(Total for Question 18 = 15 marks)

TOTAL FOR SECTION B = 75 MARKS


TOTAL FOR PAPER = 100 MARKS
DO NOT WRITE IN THIS AREA

DO NOT WRITE IN THIS AREA

19
*P63011A01920*
4. (a) State two advantages of preparing a bank reconciliation statement.
16
(2)

1 ............................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 ............................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
On 28 February 2022 Nabil’s bank statement showed a credit balance of $135
On the same date the cash book showed a credit balance of $180
The following had not been entered in the cash book:
• a direct debit for telephone, $42
• a dishonoured cheque from Barjey Ltd, $668
• a credit transfer from BX Trading, $475
• cash sales banked, $295
• cheque drawn for cash, $120
(b) (i) Prepare the updated cash book to show the adjusted balance on
28 February 2022, bringing the balance down on 1 March 2022.
(6)

Cash Book - Bank Column

Date Date
Details $ Details $
2022 2022

Feb 28 Feb 28

14
*P71572A01420* 
At 28 February 2022 the following had not yet been processed by the bank:
• unpresented cheques, $562
• outstanding lodgements, $187
(ii) Prepare a bank reconciliation statement at 28 February 2022.
(6)

Bank reconciliation statement at 28 February 2022

(c) State in which section of the statement of financial position at 28 February 2022
the bank balance would appear.
(1)

................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............................................................................................................................................ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(Total for Question 16 = 15 marks)

15
 *P71572A01520* Turn over

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