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3 Eshe is a trader. She has prepared a trial balance at 31 March 2023. The totals did not agree and
the difference was placed in a suspense account.

Eshe later discovered the errors shown in the following table.

REQUIRED

(a) Complete the table to show the entries required to correct each error. The first one has been
completed as an example.

Entries required to correct the error

Error Debit Credit
Account $ Account $

A payment for rent, $300, had been Rent paid 300 Insurance 300
debited to the insurance account.

Credit sales to Raymond of $105 ................... ............ ................... ............

had been debited to the sales
account and credited to Raymond’s ................... ............ ................... ............
account.

Eshe’s total drawings from the bank ................... ............ ................... ............
for her own use, $9500, had been
debited to the cash account. ................... ............ ................... ............

A purchases invoice from Danika ................... ............ ................... ............

for $137 had been recorded in her
account and in the purchases journal ................... ............ ................... ............
as $173.

Returns inwards, $44, had not been ................... ............ ................... ............
recorded in the returns inwards
account. ................... ............ ................... ............

The motor expenses account had ................... ............ ................... ............

been overcast by $100.
................... ............ ................... ............
[10]

© UCLES 2023 0452/21/M/J/23

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(b) Prepare the suspense account. Include the balancing figure as the original difference on the
trial balance.

Eshe
Suspense account
Date Details $ Date Details $

............. ................................. ............ ............ ................................. ............

............. ................................. ............ ............ ................................. ............

............. ................................. ............ ............ ................................. ............

............. ................................. ............ ............ ................................. ............

............. ................................. ............ ............ ................................. ............

[3]

Eshe’s capital at 1 April 2022 was $31 000. Her draft profit for the year ended 31 March 2023
before correction of the errors was $15 600.

REQUIRED

(c) Calculate Eshe’s capital at 31 March 2023 after the errors have been corrected.

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............................................................................................................................................. [7]

[Total: 20]

© UCLES 2023 0452/21/M/J/23 [Turn over