Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

Provide one example of a compensating error.

  • AA payment for office equipment repairs was debited to the office equipment account.
  • BA purchase of goods from C Jones was credited to the account of C Johns.
  • CThe sale of goods, $65, to A Aziz was entered in the books as $56.
  • DThe wages account was undercast by $100 and the rent account was overcast by $100.

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI