Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A suspense account was created to record the difference shown by a trial balance. The following errors were later found. 1 Discount allowed of $2000 had been recorded only in the sales ledger control account. 2 A cheque for $1500 paid for repairs had been entered as $5100 in the repairs account. What opening balance was on the suspense account?

  • A$1600 credit
  • B$1600 debit
  • C$5600 credit
  • D$5600 debit

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