O-LevelAccountingVerification of accounting records7707/12 · Oct/Nov 2014 · Q161 Mark
The difference on a trial balance was posted to a suspense account. It was later found that a cheque for $800 paid to Rafiq, a supplier, had been entered correctly in the cash book, but credited in the purchases account. Which entry will correct this error?
Apurchases $800, suspense $800
Bpurchases $800 Rafiq $800, suspense $1600
Csuspense $800, purchases $800
Dsuspense $1600, purchases $800 Rafiq $800
✓ Correct answer
B: purchases $800 Rafiq $800, suspense $1600
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