Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A suspense account has a debit balance of $350. What might have led to this?

  • AA purchase of $350 was debited to the rent account.
  • BA purchase of $350 was omitted from the purchases journal.
  • CA sale of $350 was debited to the sales account and credited to the sales ledger control account.
  • DThe sales journal was overcast by $350.

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