A-LevelAccountingCorrection of Errors and Suspense AccountsMay/June 2014Paper 1 Q71 Mark

A trial balance failed to agree. A suspense account was opened. The following errors were then discovered. 1 The sales returns journal had been undercast by $850. 2 The purchases journal had been overcast by $975. What was the opening balance on the suspense account before the correction of the errors?

Q: What is the correct answer to this A-Level Accounting question?

The correct answer is A: $125 credit.

Q: What topic does this question test?

This question tests Correction of Errors and Suspense Accounts in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

A$125 credit

B$125 debit

C$1825 credit

D$1825 debit

✓ Correct Answer

The correct answer is A: $125 credit

📋 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...

🎯 Mark Scheme Breakdown

Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.

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About This A-Level Accounting Question

Topic

This multiple-choice question tests Correction of Errors and Suspense Accounts in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting May/June 2014 examination, Paper 1 Variant 2.

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