Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

The two totals on a trial balance failed to match. Consequently, a suspense account was opened with a credit balance of $1720. To date, two errors have been found: 1. The balance on the purchases returns account of $440 was left out of the trial balance. 2. The bank overdraft balance was recorded too low by $90. What will be the revised credit balance of the suspense account once these errors are corrected?

  • A$1190
  • B$1370
  • C$2070
  • D$2250

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