Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

A $68 insurance payment has been recorded in the insurance account as $86. Which double entry will correct this?

  • Adebit insurance $18, credit suspense $18
  • Bdebit insurance $36, credit suspense $36
  • Cdebit suspense $18, credit insurance $18
  • Ddebit suspense $36, credit insurance $36

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