O-LevelAccountingVerification of accounting records7707/11 · May/June 2013 · Q171 Mark

Ernest prepared a trial balance. He omitted the bad debts account, $400, and he entered the balance of the insurance account as $9000 instead of $900. What was the balance of the suspense account?

A$7700 credit

B$7700 debit

C$8500 credit

D$8500 debit

✓ Correct answer

A: $7700 credit

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Topic: Verification of accounting records, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2013 Paper 1 Variant 1, question 17.

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