The credit side of the Trial Balance was 11,200 lower than the debit side. The difference was
Question:
The credit side of the Trial Balance was £11,200 lower than the debit side. The difference was placed in suspense. The correction of which of the following errors will reduce the Suspense account balance:
(a) A cash sale of £3,400 has been posted as £4,300
(b) A credit sale of £2,150 has not been posted to the customer
(c) Stationery acquired on credit terms for £340 has been recorded in the Purchases Journal
(d) A credit note for £900 from a supplier has not been entered in Returns Outwards Day Book
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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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