Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

Which error must be corrected by making 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 the loan interest account.
  • DThe insurance account had been undercast by $200 and the wages account overcast by $200.

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