Jaya is a trader. Her financial year finishes on 31 July.
The totals shown in her trial balance at 31 July 2025 did not match.
Jaya later found the following five errors:
(a(i))[1]
Identify the account Jaya would need to open so that her trial balance totals agree.
(a(ii))[1]
State the main purpose of this account.
(b)[9]
Prepare the journal entries that correct errors 1 to 5. Narratives are not required.
(c)[2]
Name two types of error which the trial balance will not reveal.
(d)[7]
Fill in the table.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Suspense” …