A-LevelAccountingReconciliation and verification9706/12 · Oct/Nov 2012 · Q81 Mark
A trial balance includes a suspense account. The bank balance of $28 412 has mistakenly been entered as an overdraft and placed on the credit side as $28 142. There has also been an addition error and the debit side of the trial balance has been undercast by $450. Which entry in the suspense account would correct these errors?
Acredit $56 104
Bdebit $56 104
Ccredit $57 004
Ddebit $57 004
✓ Correct answer
C: credit $57 004
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Reconciliation and verification and see which topics are most likely to come up next.
Sign up free →