A-LevelAccountingCorrection of Errors and Suspense AccountsFeb/Mar 2017Paper 1 Q61 Mark
A suspense account shows a debit balance of $350. What could have caused this?
Apurchase of $350 was debited to the rent account.
Bpurchase of $350 was omitted from the purchases journal.
Csale of $350 was debited to the sales account and credited to the sales ledger control
account.
DThe sales journal was overcast by $350.
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The correct answer is D. This question tests the candidate's understanding of correction of errors and suspense accounts within the Accountingsyllabus. The examiner's mark scheme requires...
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