A-LevelAccountingReconciliation and verification9706/12 · May/June 2014 · Q71 Mark
A trial balance failed to agree. A suspense account was opened. The following errors were then discovered. 1 The sales returns journal had been undercast by $850. 2 The purchases journal had been overcast by $975. What was the opening balance on the suspense account before the correction of the errors?
A$125 credit
B$125 debit
C$1825 credit
D$1825 debit
✓ Correct answer
A: $125 credit
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