# IGCSE Accounting Paper-2: Specimen Questions with Answers 32 - 34 of 189

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### Passage

Mr. Stanley had 2 accounts with HSBC Bank named A/c 1 and A/c 2. As on 31.12.2015, his cash book showed balances of £540 and £27040 in the two A/c’s respectively.

On examining the bank statements, the following were noticed:

(i) £ 2700 has been transferred from A/c 2 to A/c 1 by the bank without intimating Mr. Stanley.

(ii) £ 10 have been bank charges in both the accounts , which is not intimated to Mr. Stanley

(iii) Cheque for £ 542 issued on A/c 1 in November not yet presented in bank

(iv) A cheque of £ 427 deposited by Mr. Stanley in A/c 2 has been credited by bank in A/c 1

## Question 32 (2 of 5 Based on Passage)

Edit

### Write in Short

What is the balance in Mr. Stanley՚s A/c 1 as per HSBC bank?

### Explanation

The balance of Mr. Stanley՚s A/c 1 as per bank pass book is £ 4199

 Particulars Amount Amount Bank balance as per cash book (Dr) 540 Add: Transfer from A/c 2 without notice 2700 Cheque issued but not presented 542 Cheque deposited in A/c 2 but wrong credit in A/c 1 427 3669 4209 Less: Bank charges in pass book but not in cash book 10 Bank Balance as per pass book (Cr) 4199

## Question 33 (3 of 5 Based on Passage)

Edit

### Write in Brief

One Liner▾

What is the need for Mr. Stanley to reconcile his bank Account?

### Explanation

Mr. Stanley needs to prepare the Bank reconciliation statement, in order to reconcile the bank balance as per the cash book, by showing all the causes of differences between the two and make the respective changes.

## Question 34 (4 of 5 Based on Passage)

Edit

### Write in Short

What is the balance of Mr. Stanley՚s A/c 2 as per HSBC bank?

### Explanation

The balance of Mr. Stanley՚s A/c 2 as per bank pass book is £ 23903

 Particulars Amount Amount Bank balance as per cash book (Dr) 27040 Less: Transfer toA/c 1 without notice 2700 Bank charges in pass book but not in cash book 10 Cheque deposited in A/c 2 but wrong credit in A/c 1 427 3137 Bank Balance as per pass book (Cr) 23903

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