A-LevelAccountingCorrection of ErrorsMay/June 2024Paper 1 Q61 Mark
Which statement describes a limitation of reconciliation and verification procedures?
ASometimes a sales ledger control account balance does not agree with the total of sales ledger account balances.
BErrors of commission could be present in the books of account.
CBank transactions may be missing from the bank column in the cash book.
DThe totals shown in the trial balance do not always agree.
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of correction of errors 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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