A-LevelAccountingCorrection of Errors and Suspense AccountsOct/Nov 2013Paper 1 Q101 Mark

A company's trial balance includes a suspense account. It was found that the only errors were discounts received of $240 and discounts allowed of $312, which had both been entered on the incorrect sides of the respective ledger accounts. What is the double entry required to clear the suspense account balance? account debit $ credit $

Q: What topic does this question test?

This question tests Correction of Errors and Suspense Accounts in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Adiscounts allowed 312 discounts received 240 suspense 72

Bdiscounts allowed 624 discounts received 480 suspense 144

Cdiscounts received 240 suspense 72 discounts allowed 312

Ddiscounts received 480 suspense 144 discounts allowed 624

✓ Correct Answer

The correct answer is B: discounts allowed 624 discounts received 480 suspense 144

📋 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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About This A-Level Accounting Question

Topic

This multiple-choice question tests Correction of Errors and Suspense Accounts in A-Level Accounting (syllabus code 9706). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Accounting Oct/Nov 2013 examination, Paper 1 Variant 2.

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