Paper 1 · Correction of errors

Repairs to machinery of $2 500 has been entered in the Machinery account. Which entries are required to correct the error? | | Debit | Credit | | --- | --- | --- | | A | Machinery account$ 2 500 | Repairs to Machinery account $2 500 | | B | Repairs to Machinery account$ 2 500 | Machinery account $2 500 | | C | Repairs to Machinery account$ 2 500 | Suspense account $2 500 | | D | Suspense account$ 2 500 | Machinery account $2 500 |

ADebit Machinery account

2 500, credit Repairs to Machinery account

2 500

BDebit Repairs to Machinery account

2 500, credit Machinery account

2 500

CDebit Repairs to Machinery account

2 500, credit Suspense account

2 500

DDebit Suspense account

2 500, credit Machinery account

2 500

ZIMSEC Accounting 6001/1 Paper 1 (Multiple Choice), November 2022, Q9

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