A-LevelAccountingErrors and Suspense AccountsOct/Nov 2023Paper 1 Q71 Mark
A business received $100 cash from a credit customer in settlement of a debt. When recording it, an error of commission was made. Which statement about the debit and credit columns of the trial balance is correct?
AThe total of the credit column was $100 higher than the total of the debit column.
BThe total of the debit column was $100 higher than the total of the credit column.
CThe totals of both columns were the same as if the error had not taken place.
DThe totals of both columns were understated by the same amount.
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of errors and suspense accounts within the Accountingsyllabus. The examiner's mark scheme requires...
📋 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...
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