Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

Motor vehicle expenses, $\$50$, were entered in error in the motor vehicles account. Which journal entry would correct this mistake?

  • ADebit motor vehicle expenses $\$50$; Credit motor vehicles $\$50$
  • BDebit motor vehicles $\$50$; Credit motor vehicle expenses $\$50$
  • CDebit motor vehicle expenses $\$50$; Debit motor vehicles $\$50$; Credit suspense $\$100$
  • DDebit suspense $\$100$; Credit motor vehicle expenses $\$50$; Credit motor vehicles $\$50$

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