Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

Khalid posted items to a suspense account in order to rectify two errors discovered in his ledger accounts. After the errors were put right, the suspense account was cleared. error 1: $700 sales had been left out of the sales account. error 2: The purchases journal had been totalled $550 too high. Which entry was posted in the suspense account to make the trial balance balance?

  • Acredit $150
  • Bcredit $1250
  • Cdebit $150
  • Ddebit $1250

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