O-LevelAccountingVerification of accounting recordsOct/Nov 2020Paper 1 Q81 Mark
A computer system purchased from Ace Computers for $1430 had been incorrectly recorded as $1340 and was entered in the stationery account instead of the office equipment account. Which journal entry corrects this error?
Adebit Ace computers $90, debit stationery $1340, credit office equipment $1340
Bdebit Ace computers $90, debit stationery $1340, credit office equipment $1430
Cdebit office equipment $1340, debit Ace computers $90, credit stationery $1340
Ddebit office equipment $1430, credit Ace computers $90, credit stationery $1340
✓ Correct Answer
The correct answer is D. 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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