Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

The totals shown in a trial balance failed to agree, so a suspense account was opened. It was then discovered that the $100 total from the discount allowed column in the cash book had been credited to the discount allowed account. Which journal entry corrects this error?

  • Adebit discount allowed $100; credit suspense $100
  • Bdebit discount allowed $200; credit suspense $200
  • Cdebit suspense $100; credit discount allowed $100
  • Ddebit suspense $200; credit discount allowed $200

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