Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

By the end of a financial period, a business’s trial balance failed to agree, so a suspense account was opened. These errors were then found. Once the items were adjusted, the suspense account was cleared. What was the opening balance of the suspense account?

  • A$\text{\$}200$ credit
  • B$\text{\$}2700$ credit
  • C$\text{\$}9400$ debit
  • D$\text{\$}19000$ debit

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