O-LevelAccountingVerification of accounting recordsOct/Nov 2023Paper 1 Q101 Mark
A trial balance does not balance and a suspense account is opened. It is found that a sale of $250 was credited in the sales account as $2500. Which entry will correct this error? account to be debited $ account to be credited $
Asales 250 suspense 250
Bsales 2250 suspense 2250
Csuspense 2250 sales 2250
Dsuspense 2500 sales 2500
✓ Correct Answer
The correct answer is B. 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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