O-LevelAccountingVerification of accounting records7707/11 · May/June 2010 · Q151 Mark
The difference on a trial balance was entered in a suspense account. It was later found that the purchases returns journal had been undercast. Which entries are required to correct this error?
Aaccount to be debited purchases account to be credited purchases returns
Baccount to be debited purchases returns account to be credited purchases
Caccount to be debited purchases returns account to be credited suspense
Daccount to be debited suspense account to be credited purchases returns
✓ Correct answer
D: account to be debited suspense account to be credited purchases returns
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