O-LevelAccountingVerification of accounting recordsOct/Nov 2025Paper 1 Q81 Mark
A trader prepared their trial balance which showed the debit column total of $45000 and the credit column total of $40000. The following errors were then discovered. 1 The discount received account balance of $500 was listed in the debit column of the trial balance. 2 The returns outwards account balance of $250 was omitted from the trial balance. 3 The debit column of the trial balance was overcast by $3750. All errors were corrected and the trial balance totals agreed. What were the trial balance totals after the correction of errors?
A$40 500
B$40 750
C$41000
D$ 44 500
✓ 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...
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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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