Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

Jason is the person who looks after his business’s accounting records. He has found some mistakes in this year’s accounts.
(a)[2]

State two kinds of error that do not disturb the agreement of the totals in a trial balance.

(b)[5]

Prepare the journal entries in the general journal to put these errors right. Narratives are not needed.

(c)[4]

Prepare the suspense account for the items given.

(d)[4]

Calculate the corrected profit for the year ending 30 September 2019.

Worked solution & mark scheme

This 15-mark question has a full step-by-step worked solution and mark scheme. One marking point: Commission error

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