Accounting 0452 · IGCSE · Correction of errors

Correction of errors — practice question

A trial balance failed to agree, so a suspense account was opened. Once the errors below had been corrected, the suspense account balanced and was closed. 1. The total of the discount allowed column in the cash book for November of $250 had been credited to the discount received account. 2. Cash sales of $50 had been entered correctly in the cash book, but they had not been posted to the sales account. What amount of difference was first recorded in the suspense account?

  • A$200 credit
  • B$200 debit
  • C$450 credit
  • D$450 debit

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