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CIE · IGCSE · Accounting

Bank Reconciliation Statements
Practice Questions

20 CIE IGCSE Accounting questions on Bank Reconciliation Statements, each with instant feedback and a full examiner-style mark scheme.

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✨ Revision guide includes key terms, worked examples and exam technique for Bank Reconciliation Statements.

Try 2 sample questions on Bank Reconciliation Statements

Question 1 · 1 mark · Difficulty 1/3

What is the main purpose of preparing a bank reconciliation statement?

  1. To calculate the bank charges for the period
  2. To explain the difference between the cash book balance and the bank statement balance
  3. To record all the transactions that have taken place during the month
  4. To correct errors made by the bank
Show answer & explanation
✓ Answer: B — To explain the difference between the cash book balance and the bank statement balance
Award 1 mark for identifying that a bank reconciliation statement explains the difference between the cash book balance and the bank statement balance at a given date. A is incorrect — bank charges are identified during reconciliation but this is not the main purpose. C is incorrect — recording transactions is the function of the cash book, not the bank reconciliation statement. D is incorrect — while errors may be identified, the main purpose is to reconcile the two balances.
Question 2 · 1 mark · Difficulty 2/3

Which item would require an entry in the cash book before preparing a bank reconciliation statement?

  1. A cheque not yet entered in the bank statement
  2. An unpresented cheque
  3. A dishonoured cheque received from a customer
  4. An uncredited deposit
Show answer & explanation
✓ Answer: C — A dishonoured cheque received from a customer
Award 1 mark for identifying that a dishonoured cheque must be entered in the cash book to update it. The original receipt was recorded but now needs to be reversed as the cheque was not honoured. B is incorrect — unpresented cheques are already in the cash book and appear on the bank reconciliation statement. D is incorrect — uncredited deposits are already in the cash book and appear on the bank reconciliation statement. A is incorrect — this describes the same timing difference as an uncredited deposit.
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20 questions · 25 min · free

CIE IGCSE Accounting: Bank Reconciliation Statements FAQ

Is Kramizo free for CIE IGCSE students preparing for Accounting?
Yes — completely free. Every student gets 45 questions a day on the free plan, with no card required and no trial countdown. That free quota works across every subject and every topic in our bank, so you can mix Bank Reconciliation Statements practice with other Accounting topics or even switch to a totally different CIE subject without paying anything. Kramizo's optional Pro plan removes the daily cap and adds detailed progress analytics, but the free tier is the real product — used by thousands of GCSE, IGCSE and CSEC students.
Are the Bank Reconciliation Statements questions aligned to the official CIE IGCSE Accounting syllabus?
Every question is written against the published CIE IGCSE Accounting specification, including the exact command words (state, describe, explain, calculate, evaluate, etc.), mark allocations, and difficulty tier you'd see on a real CIE paper. Explanations are written in the style of official examiner mark schemes — they tell you what is being awarded marks and why distractors are wrong, not just whether you got it right. The bank is continually refined to match the latest syllabus updates from CIE.
How is Bank Reconciliation Statements typically tested on CIE IGCSE Accounting papers?
Bank Reconciliation Statements appears across multiple question types on real CIE IGCSE Accounting papers — most commonly as multiple-choice questions in the objective section, structured short-answer questions in the main paper, and occasionally as part of an extended response. Kramizo's practice bank reflects that mix: 4-option MCQs, true/false statements, fill-in-the-blank key terms, multi-select questions, and ordering questions. Working through the bank gives you exposure to every question style examiners actually use.

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