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O-LevelAccountingVerification of accounting recordsOct/Nov 2017Paper 2 Q220 Marks

Hannah prepared a trial balance but its totals did not agree. A suspense account was opened. She later discovered the following errors: 1 Rent receivable, $4900, had been debited to the rent payable account. 2 General expenses paid, $1200, had been correctly entered in the cash book, but had been recorded in the general expenses account as $2100. 3 No debit entry had been made for purchases on credit from Ploy, $3400. REQUIRED

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The correct answer is . This question tests the candidate's understanding of verification of accounting records within the Accountingsyllabus. The examiner's mark scheme requires...

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About This O-Level Accounting Question

This structured question appeared in the Cambridge O-Level Accounting (7707) Oct/Nov 2017 examination, Paper 2 Variant 2. It tests the topic of Verification of accounting records and is worth 20 marks.

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