A-LevelAccountingCorrection of Errors and Suspense AccountsOct/Nov 2016Paper 1 Q71 Mark
A suspense account has a balance of $450 debit. What has caused this balance in the suspense account?
Amotor expenses of $225, correctly entered in the cash book, and posted to motor expenses as a credit
Bmotor expenses of $225, entered in the cash book as a receipt and posted to motor expenses as a credit
Cmotor expenses of $450, correctly entered in the cash book, and posted to motor vehicles as a debit
Dmotor expenses of $675, entered in the cash book as a credit of $225 and posted to motor expenses as $225 debit
✓ Correct Answer
The correct answer is A. This question tests the candidate's understanding of correction 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...
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