Day: October 30, 2021

A company’s trial balance includes a suspense account.

It was found that the only errors were discounts received of £240 and discounts allowed of £312, which had both been entered on the incorrect sides of the respective ledger accounts.

What is the double entry required to clear the Suspense account balance?

Select ONE answer:

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
4. Not correct

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