Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

Jerry was given a cheque for $450 by Fatima. He recorded the cheque being received accurately in his cash book. However, the entry made to Fatima’s account was posted in the wrong direction. Which journal entry would correct this mistake?

  • Aaccount debited: bank $450; account credited: Fatima $450
  • Baccount debited: bank $900; account credited: suspense $900
  • Caccount debited: suspense $450; account credited: bank $450
  • Daccount debited: suspense $900; account credited: Fatima $900

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