A sale to Roy Rogers for 21,400 has been posted to the customers account as 24,100. The
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A sale to Roy Rogers for £21,400 has been posted to the customer’s account as £24,100. The Trial Balance failed to balance but the difference has not been placed in a Suspense account. The journal entry for correcting this error should require which of the following:
(a) Debit Sales account and credit Roy Rogers’ account with £2,700
(b) Credit Roy Rogers’ account with £2,700 (with no corresponding second entry)
(c) Debit Suspense account and credit Roy Rogers’ account with £2,700
(d) Debit Roy Rogers’ account and credit Suspense account with £2,700
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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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