A-LevelAccountingCorrection of Errors and Suspense AccountsOct/Nov 2018Paper 1 Q81 Mark

Bank interest income, $1800, had been correctly entered in the bank account but recorded as interest expense. Which entries in the ledger will correct the error?

Q: What topic does this question test?

This question tests Correction of Errors and Suspense Accounts in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Ainterest expense $1800 (debit), suspense $1800 (credit)

Binterest income $1800 (debit), interest expense $1800 (debit), suspense $1800 (credit)

Csuspense $1800 (debit), interest income $1800 (credit)

Dsuspense $3600 (debit), interest income $1800 (credit), interest expense $1800 (credit)

✓ Correct Answer

The correct answer is D: suspense $3600 (debit), interest income $1800 (credit), interest expense $1800 (credit)

📋 Examiner Report & Trap Analysis

Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Accounting Question

Topic

This multiple-choice question tests Correction of Errors and Suspense Accounts in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2018 examination, Paper 1 Variant 2.

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