A-LevelAccountingErrors and Suspense AccountsMay/June 2013Paper 1 Q101 Mark
An error of reversal is made when recording the payment of a telephone bill for $500. Which journal entries are required to record the correction of this error?
Abank 500, telephone 500
Bbank 1000, telephone 1000
Ctelephone 500, bank 500
Dtelephone 1000, bank 1000
✓ Correct Answer
The correct answer is D. 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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