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EnglandAccountingQuick questions
3.1 Financial accounting
Quick questions on The trial balance: errors, the suspense account and corrections - AQA A-Level Accounting
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Name two errors that a trial balance will not reveal. [2 marks] For example an error of omission and a compensating error.
What is q2?Show answer
Explain the purpose of a suspense account. [2 marks] To hold the difference temporarily so the trial balance agrees and statements can be drafted while the error is investigated and corrected by journal.
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