O-LevelAccountingVerification of accounting recordsOct/Nov 2020Paper 1 Q101 Mark
Motor vehicle expenses, $50, were incorrectly debited to the motor vehicles account. Which journal entry corrects this error? debit $ | credit $ --- | --- motor vehicle expenses 50 | motor vehicles | 50 motor vehicles 50 | motor vehicle expenses | 50 motor vehicles expenses 50 | motor vehicles 50 | suspense 100 suspense 100 | motor vehicles expenses | 50 motor vehicles | 50
Amotor vehicle expenses 50 | motor vehicles 50
Bmotor vehicles 50 | motor vehicle expenses 50
Cmotor vehicles expenses 50, motor vehicles 50 | suspense 100
Dsuspense 100 | motor vehicles expenses 50, motor vehicles 50
✓ Correct Answer
The correct answer is A. 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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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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