A-LevelAccountingCorrection of Errors and Suspense AccountsMay/June 2017Paper 1 Q51 Mark
The following errors were found after a suspense account was opened. 1 Motor repairs of $400 were credited to the motor vehicle at cost account. 2 A payment for electricity was debited in the electricity account as $2500 instead of $5200. 3 A $450 cash purchase of goods for resale had been completely omitted from the books. 4 Discount allowed of $50 had been debited to the discounts received account. Which items would be entered in the suspense account?
A1 and 2
B2 and 3
C2 and 4
D3 and 4
✓ Correct Answer
The correct answer is A: 1 and 2
📋 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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