A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2009 · Q81 Mark
A trial balance fails to agree and the bookkeeper finds the following errors. 1 A bank overdraft of $100 was shown as a debit in the trial balance. 2 A telephone bill for $400 was debited to the insurance account. 3 A cash purchase of $160 was entered in the purchases account as $150; the purchase was entered correctly in the cash account. The bookkeeper opens a suspense account in order to correct the errors. What is the opening entry in the suspense account?
Acredit $190
Bcredit $210
Cdebit $60
Ddebit $550
✓ Correct answer
A: credit $190
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