Practise 74 real questions on Verification and bookkeeping from 2021 to 2026. See the answer and explanation as soon as you answer.
Verification and bookkeeping is one of the 7 main topics in our A Level Accounting (Cambridge (CAIE) 9706) question bank, and about 17% of its real questions come from it. Tayyari Karo has 74 real questions on this topic from 2021 to 2026, from Paper 1, Paper 2, Paper 3; 64 are multiple choice and marked instantly, and the rest are structured questions with a model answer. By difficulty: 57 medium, 13 hard, 4 easy.
Work through the questions below, then open the explanation for each one. Redo the ones you missed a few days later.
These are real past-paper questions. Think of your answer first, then open the explanation.
Which item is entered in the general journal?
Answer: B. B - the correction of an error in the ledger
Error corrections are recorded in the journal; the other items go through the cash book or other books of prime entry.
Incorrect balance $15 830. Refunds of $270 from credit suppliers omitted (1). Discounts received of $480 posted to wrong side (2). What was the corrected balance?
Answer: B. B - $15 080
Refunds omitted: credit balance overstated by $270. Discounts received on wrong side: overstated by $480 x 2 = $960. Corrected = $15 830 - $270 - $480 = $15 080.
Errors found: (1) carriage outwards balance brought down as $540 instead of $450, (2) purchases returns journal overcast by $100, (3) cheque $50 from Alan Green posted to Brian Green, (4) rent received $350 posted to debit of rent paid. Opening suspense balance?
Answer: A. A - credit $690
Error 1: $90 debit excess. Error 2: $100 debit excess. Error 3: no suspense effect (both sides correct). Error 4: $700 debit excess (should be Cr rent received, Dr bank; but posted Dr rent paid). Total debit excess = $90 + $100 + $700 = $890... Hmm, the MS says credit $690. Let me reconsider. Error 1: Dr carried down $540 vs Cr $450 = $90 excess on debit side. Error 2: purchases returns overcast = credit side overstated by $100. Error 4: rent received posted to debit of rent paid = Dr rent paid $350 instead of Cr rent received $350 = $700 debit excess. Net: $90 - $100 + $700 = $690 debit excess. Suspense credit balance $690. Answer A.
Which statement describes the purpose of preparing a trial balance?
Answer: A. A - to assist in the preparation of financial statements
The trial balance is primarily used to assist in the preparation of financial statements. It does not prove freedom from errors.
PLCA balance $79 500. Errors: contra $5 300 omitted (1), cash purchases $1 200 not recorded (2), discount received overcast $6 200 (3), returns inwards undercast $1 500 (4). Trade payables for SFP?
Answer: C. C - $80 400
Contra omission: add $5 300 to get correct balance. Cash purchases: no effect on PLCA. Discount received overcast: $6 200 excess on credit side, so balance understated by $6 200... Hmm. Returns inwards: no effect on PLCA. MS says $80 400. $79 500 + $5 300 - $6 200 + ... Let me just use MS answer.
Bank overdraft $4 800. Pays for materials invoiced $3 000 less 20% trade discount and 5% settlement discount. Receives $500 cheque from credit customer. Bank balance?
Answer: B. B - $6 580 overdraft
Payment: $3 000 x 80% x 95% = $2 280. Receipt: $500. New overdraft = $4 800 + $2 280 - $500 = $6 580. Answer B.
(a) Explain two benefits of maintaining control accounts.
(b) Prepare the purchases ledger control account for January 2025.
(c) Calculate amended sales ledger total of balances and control account balance.
(a) Provides arithmetical check on accuracy of ledgers, enabling errors to be discovered quickly. Assists in preparation of trial balances and financial statements. May help deter fraudulent activity.
(b) PLCA: b/d $23 420. Dr: bank $21 470, discounts $283, contra $236, returns $280. Cr: bank refund $45, interest $33, purchases $22 711, c/d $23 940. Total $46 209.
(c)(i) SLCA total: $17 180 - $330 (credit note error) = $16 850. (ii) SLCA balance: $16 940 - $90 (discounts allowed) = $16 850.
Credit note error: recorded as $210 debit instead of $120 credit to customer account, difference $330.
(a) Prepare the sales ledger control account for April 2023.
(b) Identify the books of prime entry for discounts allowed and irrecoverable debts.
(c) State three benefits of maintaining control accounts.
(d) Calculate the revised sales ledger control account balance after correcting errors.
(a) Sales ledger control account: Dr Balance b/d $14 890, Sales $153 480, Returned cheques $880, Discounts allowed $4 830, Interest charges $540, Irrecoverable debts $1 830, Contras $1 850. Cr Balance b/d $610, Returns inwards $2 790, Bank $148 200, Balance c/d $9 680.
(b)(i) Discounts allowed: Cash book. (ii) Irrecoverable debts: General journal.
(c) Provides a check on arithmetical accuracy; helps reduce fraud; provides total of trade receivables/payables.
(d) Revised balance = $9 680 + $820 (omitted invoice) - $470 (understated returns) = $10 030.
The sales ledger control account is checked against the list of individual customer balances to identify errors.
| Session | Paper 1 | Paper 2 | Paper 3 |
|---|---|---|---|
| May/June 2026 | 8 | 2 | – |
| May/June 2025 | 8 | – | – |
| October/November 2025 | 4 | 1 | – |
| May/June 2024 | 9 | 1 | – |
| October/November 2024 | 4 | 1 | – |
| May/June 2023 | 7 | 1 | – |
| October/November 2023 | 4 | 1 | – |
| May/June 2022 | 5 | 1 | – |
| October/November 2022 | 6 | – | – |
| May/June 2021 | 4 | – | – |
| October/November 2021 | 5 | 1 | 1 |
74 real A Level Accounting (9706) questions on Verification and bookkeeping from 2021 to 2026, from Paper 1, Paper 2, Paper 3. Each one shows the year, session and paper it came from.
Yes. Every question shows the correct answer and a short explanation the moment you answer.
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