A-LevelAccountingError Correction and Suspense AccountsMay/June 2021Paper 1 Q71 Mark
The correction of which error requires an entry in the suspense account?
Acheque, $1000, paid to Kong had been debited to Kang's account.
Bpurchase of stamps, $50, had been debited to the purchases account.
CCommission income, $170, had been debited to the loan interest account.
DThe insurance account had been undercast by $200 and the wages account overcast by $200.
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of error correction 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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