Cambridge IGCSE Accounting
3.2Correction of errors
Correction of errors in Cambridge IGCSE Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic52 practice questions3 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 3.2.1Correct errors using journal entries.
- 3.2.2Use and clear a suspense account.
- 3.2.3Adjust profit for the period after correcting errors and show the effect on the statement of financial position.
Lessons
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Correcting errors with journal entries
30 min
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The effect of errors on profit and the financial position
30 min
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The suspense account
35 min
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Sample question
A sample question on this topic. Answer it, check it, then read the worked answer.
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