Kramizo
Log inSign up free
Home › CIE IGCSE Accounting › Bank Reconciliation Statements
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.

⚡ Start Quiz on Bank Reconciliation Statements →📖 Read Revision NotesTry one question
✨ 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

Maria owns a retail business in São Paulo. Her updated cash book shows a debit balance of $2,340. The bank statement shows a credit balance of $2,860. There are unpresented cheques totalling $720 and uncredited deposits of $200. What is the correct balance shown on the bank reconciliation statement?

  1. $2,140
  2. $2,340
  3. $2,860
  4. $3,380
Show answer & explanation
✓ Answer: B — $2,340
Award 1 mark for correct answer. Working: Bank statement balance $2,860 + uncredited deposits $200 − unpresented cheques $720 = $2,340. This agrees with the updated cash book balance. A is incorrect — this deducts uncredited deposits instead of adding them. C is incorrect — this is the unadjusted bank statement balance. D is incorrect — this adds both items instead of deducting unpresented cheques.
⚡ Start a Quiz on Bank Reconciliation Statements →
20 questions · 25 min · free

CIE IGCSE Accounting: Bank Reconciliation Statements FAQ

How many CIE IGCSE Accounting questions on Bank Reconciliation Statements are there on Kramizo?
Kramizo currently has 20 exam-board-aligned practice questions on Bank Reconciliation Statements for CIE IGCSE Accounting, with new questions added every week. Each question gives you instant feedback and a full examiner-style mark scheme that tells you exactly what would earn marks on a real CIE paper. The questions span the full difficulty range — from straightforward recall (level 1) right up to multi-step reasoning and evaluation (level 3) — so the bank works for first-pass revision and final exam-week stress testing alike.
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.

Lock in Bank Reconciliation Statements before exam day.

Start practising in 30 seconds — no card required.

⚡ Start Quiz Free →