Q8. A limited liability company's trial balance does not balance. The totals are: A suspense account is opened for the difference. Which of the following pairs of errors could clear the balance on the suspense account when corrected? A Debit side of cash book undercast by $10,000;$6,160 paid for rent correctly entered in the cash book but entered in the rent account as $1,610. B Debit side of cash book overcast by $10,000;$1,610 paid for rent correctly entered in the cash book but entered in the rent account as $6,160. C Debit side of cash book undercast by $10,000;$1,610 paid for rent correctly entered in the cash book but entered in the rent account as $6,160. D Debit side of cash book overcast by $10,000;$6,160 paid for rent correctly entered in the cash book but entered in the rent account as $1,610. (2 marks) Q9. Alpha buys goods from Beta. At 30 June 205 Beta's account in Alpha's records showed $5,700 owing to Beta. Beta submitted a statement to Alpha as at the same date showing a balance due of $5,200. Which one of the following could account fully for the difference? A Alpha has sent a cheque to Beta for $500 which has not yet been received by Beta. B The credit side of Beta's account in Alpha's records has been undercast by $500. C An invoice for $250 from Beta has been treated in Alpha's records as if it had been a credit note. D Beta has issued a credit note for $500 to Alpha which Alpha has not yet received. (2 marks) Q10. At 30 June 204 a company's allowance for receivables was $39,000. At 30 June 205 trade receivables totalled $517,000. It was decided to write off debts totalling $37,000. The allowance for receivables was to be adjusted to the equivalent of 5 per cent of the trade receivables. What figure should appear in the statement of profit or loss for these items? ABCD$61,000$22,000$24,000$23,850 (2 marks)