The difference on a trial balance is entered in a suspense account. A payment of $112 for general expenses had been correctly entered in the cash book but posted in error to the credit side of the general expenses account. Which journal entry corrects this error? dr cr $ $ A general expenses 112 suspense 112 B suspense 112 general expenses 112 C general expenses 224 suspense 224 D suspense 224 general expenses 224
This question uses a diagram from the original paper, which isn't shown here. Open the full paper from the past papers archive to see it.
✓ Correct answer
C: dr: general expenses 224, cr: suspense 224
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Verification of accounting records and see which topics are most likely to come up next.
Sign up free →