A-LevelAccountingCorrection of Errors and Suspense AccountsOct/Nov 2012Paper 1 Q81 Mark
A trial balance includes a suspense account. The bank balance of $28 412 has mistakenly been entered as an overdraft and placed on the credit side as $28 142. There has also been an addition error and the debit side of the trial balance has been undercast by $450. Which entry in the suspense account would correct these errors?
Acredit $56 104
Bdebit $56 104
Ccredit $57 004
Ddebit $57 004
✓ Correct Answer
The correct answer is C: credit $57 004
📋 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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