Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

Ahmed’s trial balance totals were not in agreement. He put the difference into a suspense account. The following mistakes were found later. 1. A payment of $200 for a vehicle repair had been entered in the motor vehicles account on the debit side. 2. Drawings of $150, which had been entered correctly in the cash book, had not been transferred to the drawings account. 3. The sales journal had been undercast by $900. What was the original balance on Ahmed’s suspense account?

  • A$550
  • B$750
  • C$950
  • D$1050

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