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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Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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Question Posted: Aug 31, 2023 02:26 AM

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The copy sales invoice to Jim Wallace for 24,000 has been posted to the customers account as

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a To place the Trial Balance difference in Suspense T...View the full answer

Financial Accounting An Introduction

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