A-LevelAccountingErrors and Suspense AccountsFeb/Mar 2023Paper 1 Q81 Mark
A trial balance does not balance. The difference has been entered in a suspense account. The following errors are found. 1 A cash payment of $630 for rent has been credited in the cash book and debited to the irrecoverable debts account. 2 The provision for depreciation account has been overcast by $960. 3 The purchases ledger control account balance of $48300 has been included as a debit balance. What is the correcting debit entry to the suspense account?
A$47 340
B$95010
C$95 640
D$97 560
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding 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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