IGCSEAccountingCambridge (CIE)Exam Questions3. Verification of Accounting RecordsBank Reconciliation

Bank Reconciliation (Cambridge (CIE) IGCSE Accounting): Exam Questions

Exam code: 0452 & 0985

16 mins10 questions

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Bank Reconciliation

1
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On 30 September 2025, the bank balance in Hashim's cash book was $1 061. A bank statement dated 30 September 2025 showed that Hashim has $1 529 in the bank account, Hashim compared the bank statement and the cash book and found the following.

Electricity, $87, has been paid by direct debit but not recorded in the cash book.
The cheque for rent, $630, dated 3 September does not appear on the bank statement.
The cheque received by Jai, $196, on 24 September had not yet been cleared by the bank.
A refund, $121, had been received by credit transfer from a supplier but not recorded in the cash book.

REQUIRED

Calculate the corrected bank balance.

How did you do?

2
Sme Calculator4 marks

Shakir received a bank statement dated 30 September 2023. The bank statement showed that Shakir had $763 in the bank account. The bank balance in the cash book was $1 013. On comparing the bank statement to his cash book, Shakir noted the following.

Bank charges, $35, were charged by the bank in September.
Cash Sales, $175, had been paid for by credit transfer but not recorded in the cash book.
The cheque received from Sydney had not yet been cleared by the bank.
The cash sales, $290, had been omitted from the bank statement in error.

REQUIRED

Calculate the corrected bank balance.

How did you do?