Bank Reconciliation · CSEC Principles of Accounts

13 past-paper questions on Bank Reconciliation, part of Section 7: Control Systems, from every CSEC Principles of Accounts paper on Quelpr.

1. 2(b)(i)2 marks· CSEC Principles of Accounts · 2022 · Paper 2Match the items describing discrepancies between the records to the terms 'Standing order' and 'Direct deposit'.
2. 2(b)(ii)7 marks· CSEC Principles of Accounts · 2022 · Paper 2Prepare the updated receipts and payments account to show the revised cash at bank balance for Suri Youth and Sports Club at 1 May 2022, starting with the closing balance from part (a).
3. 2(b)(iii)3 marks· CSEC Principles of Accounts · 2022 · Paper 2Prepare a bank reconciliation statement for Suri Youth and Sports Club for the month of April 2022, beginning with the updated cash at bank balance from (b)(ii).
4. 3(a)(iv)1 mark· CSEC Principles of Accounts · January 2016 · Paper 2Explain the significance of the balance remaining in Mr Martinez's bank account at month end.
5. 3(a)(ii)5 marks· CSEC Principles of Accounts · May/June 2012 · Paper 2Beginning with the incorrect balance of $2 570, correct the summarized Cash Book for the relevant errors given, showing all working.
6. 3(b)(i)5 marks· CSEC Principles of Accounts · May/June 2012 · Paper 2Using the corrected summarized Cash Book balance from (a)(ii), draw up an updated Cash Book for the month ended 31 August 2011.
7. 3(b)(ii)3 marks· CSEC Principles of Accounts · May/June 2012 · Paper 2Starting with the updated Cash Book balance, draw up a Bank Reconciliation Statement for V. Cheeseman for the month ended 31 August 2011.
8. 4(a)6 marks· CSEC Principles of Accounts · May/June 2015 · Paper 2Prepare the updated Cash Book to show the adjusted balance.
9. 4(b)5 marks· CSEC Principles of Accounts · May/June 2015 · Paper 2Starting with the updated cash book balance, draw up a Bank Reconciliation Statement for Orvie Elwin for the month of October 2014.
10. 2(b)3 marks· CSEC Principles of Accounts · May/June 2016 · Paper 2Compute the new bank overdraft balance using the bank account format.
11. 3(a)(i)9 marks· CSEC Principles of Accounts · May/June 2016 · Paper 2Prepare Grenade's updated Cash Book as at 30 September.
12. 3(a)(ii)4 marks· CSEC Principles of Accounts · May/June 2016 · Paper 2Prepare Grenade's Bank Reconciliation Statement for the month of September.
13. 3(b)2 marks· CSEC Principles of Accounts · May/June 2016 · Paper 2List TWO bank statement items which would be used to adjust the net income if net income was calculated before the bank statement was received.