Reconciliation and verification: past paper questions
Real questions on reconciliation and verification
The newest 20 of 45 written questions. Open one to see it on the real paper.
- 9706/22 · October/November 2025 · Q2a[2]
Explain why a positive balance is shown as a debit balance in a cash book and an overdrawn balance is also shown as a debit balance on a bank statement. The bank statement included bank charges of $83 which had not yet been recorded in the cash book. 2 A cheque for $140, received from Ella, a trade receivable, had been...
See it on the paper → - 9706/22 · October/November 2025 · Q2b[7]
Prepare an updated cash book at 31 January 2025. Dates are not required. Cash book (bank columns) Details Balance b/d $ Details $ 324
See it on the paper → - 9706/22 · October/November 2025 · Q2c[4]
Prepare a bank reconciliation statement at 31 January 2025. Bank Reconciliation Statement at 31 January 2025 $ (160) Balance as per bank statement
See it on the paper → - 9706/32 · October/November 2025 · Q3c[22]
Prepare the statement of cash flows for the year ended 31 December 2024 in accordance with IAS 7. Include in your answer a value for the amortisation (depreciation) of intangible assets. Workings:
See it on the paper → - 9706/21 · May/June 2025 · Q4a(iii)[1]
indirect labour. The following budgeted information is available. Overheads $ Rent 63 000 Depreciation 45 000 Production departments Service departments Processing Assembly Maintenance Stores 140 85 33 42 Machinery cost ($) 120 000 36 000 20 000 4 000 Number of machines 7 3 – – Stores requisitions 48 74 18 Floor area (...
See it on the paper → - 9706/22 · May/June 2025 · Q3a[4]
Calculate the revenue for the year ended 31 December 2024. Additional information Zak is not certain how much the business is owed by its credit customers at 31 December 2024. The following information is available. 1 At 1 January 2024, credit customers owed $11 880. 2 Credit sales are 75% of total sales. 3 Bank statem...
See it on the paper → - 9706/22 · May/June 2025 · Q3b[4]
Calculate the amount owed by credit customers at 31 December 2024. Zak would like to improve the credit control of his business. Additional information
See it on the paper → - 9706/22 · May/June 2025 · Q3c[2]
Identify two ways, other than allowing a cash discount, in which credit control can be improved.
See it on the paper → - 9706/22 · May/June 2025 · Q3d[2]
State two benefits of improving credit control. Additional information Zak has decided to prepare full accounting records in future, using a computerised accounting system. However, he is concerned about the security of data.
See it on the paper → - 9706/22 · May/June 2025 · Q3e[3]
State three ways in which the security of data can be ensured within a computerised accounting system.
See it on the paper → - 9706/22 · February/March 2025 · Q4a[5]
Complete the following table to show the apportionment of overheads and the reapportionment of service department overheads. Overheads allocated Production departments Service departments Total $ Cutting $ Finishing $ Stores $ Canteen $ 424 560 183 270 145 990 45 380 49 920 Subtotal Reapportionment Canteen department R...
See it on the paper → - 9706/33 · October/November 2024 · Q3b[10]
Prepare the revised statement of cash flows for the year ended 31 December 2023 in accordance with IAS 7.
See it on the paper → - 9706/21 · May/June 2024 · Q1e[7]
Advise the partners whether or not they should maintain a full accounting system using an accounting software package. Justify your answer.
See it on the paper → - 9706/32 · May/June 2024 · Q1a[4]
State two differences between a receipts and payments account and an income and expenditure account. Receipts and payments account 1 Income and expenditure account
See it on the paper → - 9706/23 · October/November 2023 · Q3b[3]
State three disadvantages of introducing a computerised accounting system.
See it on the paper → - 9706/23 · October/November 2023 · Q3c[3]
State three ways in which the security of data in a computerised accounting system can be assured.
See it on the paper → - 9706/31 · May/June 2023 · Q2d[5]
Advise the directors of Z plc whether or not they should be concerned about the company’s working capital cycle. Justify your answer.
See it on the paper → - 9706/33 · May/June 2022 · Q4a[7]
Prepare the memorandum joint venture account. Dates are not required.
See it on the paper → - 9706/33 · May/June 2022 · Q4b[7]
Prepare the joint venture account with Adam in Mary’s books. Dates are not required.
See it on the paper → - 9706/33 · May/June 2022 · Q4c[4]
Explain one benefit to each of Adam and Mary of entering the joint venture. Benefit to Adam Benefit to Mary
See it on the paper →
What examiners said
Overheads had to be apportioned to service departments and then into the production departments. Many candidates performed well in this task, but a common mistake was to fail to include in their calculations the overheads that had already been allocated. Most candidates demonstrated that they did know how to apportion. Common errors related to canteen reapportionment and errors in addition.
— Examiner report, February/March 2025, 9706/22 Q4(a) (Cambridge)
Candidates were required to state three disadvantages of introducing a computerised accounting system. Many candidates gained all three of the available marks by concentrating on the cost aspect and the dangers of hacking/viruses.
— Examiner report, October/November 2023, 9706/23 Q3(b) (Cambridge)
Candidates were required to state three ways in which the security of data in a computerised accounting system can be assured. This task was also well answered by the majority of candidates.
— Examiner report, October/November 2023, 9706/23 Q3(c) (Cambridge)
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