A-LevelAccountingError Correction and Suspense AccountsFeb/Mar 2020Paper 1 Q51 Mark
A trial balance does not balance and a suspense account is opened. Later the following errors are found and the suspense account is cleared. 1 A sales invoice for $1240 had been completely omitted from the books. 2 Purchases had been entered as $85600. The correct amount should have been $87580. 3 Rent paid of $2600 was entered correctly in the cash book but as $6200 in the rent account. What was the original balance on the suspense account?
A$1620 credit
B$1620 debit
C$5580 credit
D$5580 debit
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of error correction and suspense accounts within the Accountingsyllabus. The examiner's mark scheme requires...
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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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