A-LevelAccountingReconciliation and verification9706/12 · Feb/Mar 2022 · Q61 Mark
A trial balance included a suspense account. The bank balance of $28412 had mistakenly been entered as an overdraft and placed on the credit side as $28142. There had also been an addition error and the debit side of the trial balance had been undercast by $450. Which entry in the suspense account will correct these errors?
Acredit $56 104
Bdebit $56 104
Ccredit $57004
Ddebit $57004
✓ Correct answer
C: credit $57004
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