Nabil prepared a trial balance at 30 April 2025. The total of the debit side was $95428, and the total of the credit side was $95156. Nabil placed the difference in a suspense account. Nabil later discovered the errors shown in the table in part (a).

Mark scheme

Marking points from the official mark scheme (May/June 2025). The mark or mark type is shown in brackets.

1. [1] Discount allowed: Debit Discount allowed $38, Credit Suspense $38.
2. [1] Sales journal undercast: Debit Suspense $100, Credit Sales $100.
3. [1] Bank payment for purchases not recorded: Debit Purchases $170, Credit Bank $170.
4. [1] Bank charges recorded incorrectly: Debit Bank $90, Credit Bank charges $90.
5. [1] Bank payment for insurance debited to bank: Debit Insurance $210, Debit Suspense $210, Credit Bank $420.
6. [1] Suspense Account Debit: Apr 30 Sales $100.
7. [1] Suspense Account Debit: Apr 30 Bank $210.
8. [1] Suspense Account Credit: Apr 30 Difference on trial balance $272 ($95428 - $95156).
9. [1] Suspense Account Credit: Apr 30 Discount allowed $38. (Total $310 for both sides).
10. [1] Original cash at bank balance $935; Add Bank charges $90.
11. [1] Less Purchases $170.
12. [1] Less Insurance $420.
13. [1] Corrected cash at bank balance $435 (OF).
14. [1] To enable the customer to compare their records against those of the bank / To check the bank balance in the cash book against that shown in the bank's records / To identify the reason for any differences between the balance of bank column in the cash book and the bank statement / To discover errors/omissions in either the cash book or the bank records / To reconcile the bank statement balance with that in the cash book/help prepare bank reconciliation statement.