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O-LevelAccountingVerification of accounting records7707/11 · May/June 2023 · Q101 Mark

At the end of his financial year, Zane opened a suspense account. Why was it necessary to open this account?

Athe suspense account had been omitted from the ledger
Bthe trial balance totals did not agree
Cto correct an error of commission
Dto make sure no errors were made in the ledger

✓ Correct answer

B: the trial balance totals did not agree

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About this question

Topic
Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source
O-Level Accounting, May/June 2023 Paper 1 Variant 1, question 10.

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