Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

The trial balance fails to balance, and the mismatch has been posted to a suspense account. The mistakes below have been identified. 1. A rent payment of $630 made in cash has been credited in the cash book and debited to the irrecoverable debts account. 2. The provision for depreciation account has been overcast by $960. 3. The purchases ledger control account balance of $48\,300 has been treated as a debit balance. What debit amount should be entered in the suspense account to correct the error?

  • A$47\,340
  • B$95\,010
  • C$95\,640
  • D$97\,560

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