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ScotlandAccountingQuick questions
Financial Accounting
Quick questions on Correction of errors and the suspense account - SQA National 5 Accounting
3short 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 the error when a transaction is left out of the books entirely. [1 mark]
What is q2?Show answer
A trial balance is out. Where is the difference placed while errors are found? [1 mark]
What is q3?Show answer
A new machine is debited to the repairs account. Name this error. [1 mark]
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