Accounting 9706 · AS & A Level · Reconciliation and verification
Reconciliation and verification — practice question
Deepak keeps a complete set of accounting records. The trial balance dated 30 September 2024 failed to agree, so the amount of the difference was entered in a suspense account. The sales ledger control account and the purchases ledger control account form part of the double entry system. The errors below were then found.
(a)[9]
Prepare journal entries to correct every error. Narratives are not needed.
(b)[4]
Prepare the suspense account at 30 September 2024, showing the opening balance brought down clearly. Dates are not needed.
(c)[2]
Calculate the amended balances of:
(i) Purchases ledger control account
(ii) Sales ledger control account.
Worked solution & mark scheme
This 15-mark question has a full step-by-step worked solution and mark scheme.