O-LevelAccountingVerification of accounting records7707/12 · May/June 2012 · Q181 Mark

Lisa's trial balance failed to balance and a suspense account was opened. It was found that the return of goods, $20, by Zaffar, a customer, had been correctly entered in the sales returns account, but had been incorrectly debited to Zaffar's account. Which journal entry corrects this error?

Asuspense 20 Zaffar 20

BZaffar 20 suspense 20

Csuspense 40 Zaffar 40

DZaffar 40 suspense 40

✓ Correct answer

C: suspense 40 Zaffar 40

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2012 Paper 1 Variant 2, question 18.

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Lisa's trial balance failed to balance and a suspense account was opened. It was found that the return of goods, $20, by Zaffar, a customer, had been correctly entered in the sales returns account, but had been incorrectly debited to Zaffar's account. Which journal entry corrects this error?

✓ Correct answer

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