Bank reconciliation statements: past paper questions
Real questions on bank reconciliation statements
The newest 20 of 28 written questions. Open one to see it on the real paper.
- 9706/33 · May/June 2025 · Q3a[4]
State four uses of a statement of cash flows.
See it on the paper → - 9706/33 · May/June 2025 · Q3c[11]
Prepare the statement of cash flows for the year ended 31 December 2024 in accordance with IAS 7. Workings: Additional information To improve the cash flow, the directors plan to sell one of the office buildings and then rent it from the purchaser.
See it on the paper → - 9706/33 · May/June 2025 · Q3d[5]
Advise the directors whether or not they should carry out their plan. Justify your answer.
See it on the paper → - 9706/32 · February/March 2024 · Q2a[2]
Explain one reason why the information in the statement of cash flows of a business is important to its shareholders.
See it on the paper → - 9706/32 · February/March 2024 · Q2c[14]
Prepare the statement of cash flows for the year ended 31 December 2023 in accordance with IAS7. Workings:
See it on the paper → - 9706/32 · February/March 2024 · Q2d[6]
Analyse the changes in the cash position of K plc during the year 2023.
See it on the paper → - 9706/41 · October/November 2023 · Q1a[2]
State two purposes of preparing a cash budget.
See it on the paper → - 9706/41 · October/November 2023 · Q1b[12]
Prepare the cash budget for each of the months November, December and January. Workings:
See it on the paper → - 9706/22 · May/June 2023 · Q2a[3]
State three reasons why it is important to a business to prepare bank reconciliation statements at regular intervals. Additional information On 31 March 2022 the balance shown in the business’s cash book (bank columns) was $3060 overdrawn. This did not agree with the balance shown on the business’s bank statement on th...
See it on the paper → - 9706/22 · May/June 2023 · Q2b[6]
Prepare the cash book to show the updated balance at 31 March 2022. Dates are not required. Cash book (bank columns) $ $
See it on the paper → - 9706/22 · May/June 2023 · Q2c[4]
Prepare a bank reconciliation statement to show the bank statement balance at 31 March 2022. Rudra Bank reconciliation statement at 31 March 2022 $ $ Balance as per updated cash book
See it on the paper → - 9706/22 · May/June 2023 · Q2d(i)[1]
unpresented cheque
See it on the paper → - 9706/22 · May/June 2023 · Q2d(ii)[1]
dishonoured cheque.
See it on the paper → - 9706/32 · October/November 2022 · Q1b[6]
Prepare the joint venture bank account for the month of August 2022.
See it on the paper → - 9706/33 · October/November 2022 · Q4b[22]
Prepare the statement of cash flows for XY plc for the year ended 31 December 2021 in accordance with IAS 7. Use the space provided to show your workings. Workings: Section B: Cost and Management Accounting Answer all questions.
See it on the paper → - 9706/32 · February/March 2022 · Q3b[14]
Prepare the statement of cash flows for the year ended 31 December 2021 in accordance with IAS 7. Workings:
See it on the paper → - 9706/32 · February/March 2022 · Q3c[4]
Explain two reasons why a business prepares a statement of cash flows in addition to an income statement and a statement of financial position. Additional information During a directors’ meeting, the finance director had been asked why he had raised a bank overdraft to finance the acquisition of non-current assets.
See it on the paper → - 9706/31 · October/November 2021 · Q5b[14]
Prepare the cash budget for each of the months March and April 2022. March $ April $
See it on the paper → - 9706/32 · October/November 2021 · Q2b(i)[3]
the value of subscriptions received and banked
See it on the paper → - 9706/32 · October/November 2021 · Q2b(ii)[4]
cash takings banked
See it on the paper →
What examiners said
A limited number of candidates were able to state two purposes of preparing a cash budget. Weak responses failed to answer the question and many of them provided two purposes of preparing a budget.
— Examiner report, October/November 2023, 9706/41 Q1(a) (Cambridge)
There were very few fully correct cash budgets submitted. Most candidates were unable to derive the amounts to be paid to the suppliers from the given information although most were able to deal correctly with the cash and credit sales. Some candidates did not account for the depreciation correctly and consequently entered an incorrect amount for operating expenses in the cash budget.
— Examiner report, October/November 2023, 9706/41 Q1(b) (Cambridge)
The question required candidates to state three reasons why it is important for a business to prepare regular bank reconciliations. Whilst most recognised the benefits of identifying errors and fraud, better candidates also referenced ensuring the accuracy of the financial statements.
— Examiner report, May/June 2023, 9706/22 Q2(a) (Cambridge)
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