The copy sales invoice to Jim Wallace for 24,000 has been posted to the customers account as
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The copy sales invoice to Jim Wallace for £24,000 has been posted to the customer’s account as £42,000. You are required to prepare journal entries to:
(a) place in a Suspense account the resulting difference in the Trial Balance; and
(b) eliminate the Suspense account balance when the error is detected and corrected.
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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