Accounting Multiple Choice Question – 5 June 2021

A trial balance does not balance.

The difference has been entered in a Suspense account. 

The following errors are found below.

What is the correcting debit entry to the Suspense account?

Select ONE answer:

1. £47,340
2. £95,010
3. £95,640
4. £97,560 

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 3

1. Not correct
2. Not correct
3. Correct ==> £48,300 * 2 – £960 ==> No 3 is ignored as the debit is simply a reclassification manner
4. Not correct

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