A-LevelAccountingTrial Balance and Error CorrectionMay/June 2018Paper 1 Q71 Mark
The trial balance of a business did not balance. The following errors were found. 1 The total of the purchases journal of $33030 had been posted to the purchases account in the general ledger as $33000. 2 Discount received of $50 had been entered on the debit side of the discount received account. What was the original balance on the suspense account?
A$20 credit
B$20 debit
C$70 credit
D$70 debit
✓ Correct Answer
The correct answer is C: $70 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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