O-LevelAccountingVerification of accounting recordsOct/Nov 2023Paper 1 Q91 Mark
A trader's journal shows the following entry. details debit $ credit $ John 300 Jane 300 correction of error Both John and Jane are credit customers of the trader. Which error is the journal entry correcting?
AGoods bought from Jane were wrongly credited to John.
BGoods bought from John were wrongly credited to Jane.
CGoods sold to Jane were wrongly debited to John.
DGoods sold to John were wrongly debited to Jane.
✓ 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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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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