O-LevelAccountingVerification of accounting recordsOct/Nov 2023Paper 1 Q71 Mark
The totals of a trial balance agree. What does this mean?
AAll the arithmetic in the ledger is correct.
BAll transactions have been entered in the correct ledger accounts.
CAll transactions have been entered on the correct sides of the ledger.
DTotal debit balances equal total credit balances in the ledger.
✓ 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...
📋 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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