A-LevelAccountingErrors and Suspense AccountsOct/Nov 2009Paper 1 Q81 Mark
A trial balance fails to agree and the bookkeeper finds the following errors. 1 A bank overdraft of $100 was shown as a debit in the trial balance. 2 A telephone bill for $400 was debited to the insurance account. 3 A cash purchase of $160 was entered in the purchases account as $150; the purchase was entered correctly in the cash account. The bookkeeper opens a suspense account in order to correct the errors. What is the opening entry in the suspense account?
Acredit $190
Bcredit $210
Cdebit $60
Ddebit $550
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of errors 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...
🔒
Unlock the Examiner's Answer
Sign up for free to reveal the correct answer, the official mark scheme breakdown, and the examiner trap analysis for this question.
Sign Up Free to Unlock →Join thousands of Cambridge students already using Oracle Prep