O-LevelAccountingVerification of accounting records7707/11 · May/June 2025 · Q101 Mark
Jerry received a cheque of $450 from Fatima. He entered the receipt of the cheque correctly in his cash book. The posting to Fatima's account was reversed in error. Which journal entry corrects this error? [Table with column headers: 'account debited', 'account credited']
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Abank $450, Fatima $450
Bbank $900, suspense $900
Csuspense $450, bank $450
Dsuspense $900, Fatima $900
✓ Correct answer
D: suspense $900, Fatima $900
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