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ZIMSEC O-Level Principles of Accounting

7.3Correction of errors and the suspense account

Correction of errors and the suspense account in ZIMSEC O-Level Principles of Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic36 practice questions2 lessons
Practise this topicAll Principles of Accounting topics

Overview

Form 3: correction of errors, the suspense account and correcting the trial balance.

Learning objectives

What the syllabus expects you to be able to do.

  1. 7.3.1Form 3: correct errors by journal entries, open and clear a suspense account and correct the trial balance.

Lessons

  • Correcting errors with journal entries

    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.

Correction of errors and the suspense account: sample question

1 mark

Insurance of US$275 paid by bank transfer was debited to the rent account. Which journal entry corrects the error?

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