Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

Which error, when corrected, needs an entry in the suspense account?

  • AA cheque, $1000$, paid to Kong had been debited to Kang’s account.
  • BA purchase of stamps, $50$, had been debited to the purchases account.
  • CCommission income, $170$, had been debited to a loan interest account.
  • DThe insurance account had been undercast by $200$ and the wages account had been overcast by $200$.

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