A-LevelAccountingCorrection of Errors and Suspense AccountsFeb/Mar 2022Paper 1 Q61 Mark
A trial balance included a suspense account. The bank balance of $28412 had mistakenly been entered as an overdraft and placed on the credit side as $28142. There had also been an addition error and the debit side of the trial balance had been undercast by $450. Which entry in the suspense account will correct these errors?
Acredit $56 104
Bdebit $56 104
Ccredit $57004
Ddebit $57004
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of correction of errors and suspense accounts 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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