A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2018 · Q81 Mark
Bank interest income, $1800, had been correctly entered in the bank account but recorded as interest expense. Which entries in the ledger will correct the error?
Ainterest expense $1800 (debit), suspense $1800 (credit)
Binterest income $1800 (debit), interest expense $1800 (debit), suspense $1800 (credit)
Csuspense $1800 (debit), interest income $1800 (credit)
Dsuspense $3600 (debit), interest income $1800 (credit), interest expense $1800 (credit)
✓ Correct answer
D: suspense $3600 (debit), interest income $1800 (credit), interest expense $1800 (credit)
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