O-LevelAccountingVerification of accounting records7707/11 · May/June 2025 · Q81 Mark
The totals of a trial balance did not agree, and a suspense account was opened. It was later found that the total of the discount allowed column in the cash book of $100 had been credited to the discount allowed account. Which journal entry corrects this error? [Table with column headers: 'debit $', 'credit $']
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Adiscount allowed 100, suspense 100
Bdiscount allowed 200, suspense 200
Csuspense 100, discount allowed 100
Dsuspense 200, discount allowed 200
✓ Correct answer
B: discount allowed 200, suspense 200
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