Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

Shazia’s trial balance did not balance, so the discrepancy was recorded in a suspense account. Shazia then found the following mistakes. 1. A cheque received, $280, had been posted to the bank account as a credit. 2. A cheque paid to Nunu, $50, had not been recorded in Nunu’s account. What was the suspense account balance before these mistakes were corrected?

  • A$230 debit
  • B$330 credit
  • C$510 credit
  • D$610 debit

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