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Correction of Errors Paper 2 STUDENTS

Mosi, Anil, Nadia, Arjit, and Hannah are all traders who prepared trial balances where the debit and credit totals did not agree. For each trader, the difference was placed in a suspense account to balance the trial balance.

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Nhyira Fiifi Ackon ARMOH
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85 views

Correction of Errors Paper 2 STUDENTS

Mosi, Anil, Nadia, Arjit, and Hannah are all traders who prepared trial balances where the debit and credit totals did not agree. For each trader, the difference was placed in a suspense account to balance the trial balance.

Uploaded by

Nhyira Fiifi Ackon ARMOH
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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1. Mosi is a trader.

The totals of his trial balance at 30 April 2022 did not agree and the
difference. was placed in a suspense account.
7707/22/M/J/22
2. Ame discovered several errors had been made in the accounting records.

REQUIRED
(b) Complete the table to show the entries required to correct each error. The first one has been
completed as an example.
7707/21/M/J/20

3. Anil is a trader. The totals of the trial balance he prepared on 31 December 2020 did not
agree. The debits exceeded the credits by $5140.
7707/23/O/N/21
4. Nadia is a trader. Her financial year ends on 31 March. She extracted a trial balance
at 31 March 2020. The debit and credit totals did not agree. The difference was
entered into a suspense account.
7707/22/M/J/20

5. Arjit prepared a trial balance on 31 July 2018. The totals of the trial balance did not
agree. He opened a suspense account.
7110/21/O/N/18

6. Hannah prepared a trial balance but its totals did not agree. A suspense account was
opened.
7110/22/O/N/17

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