Accounting Multiple Choice Question – 5 January 2023

A cheque for payment of wages of £214 has been debited to the purchases account as £241.

A suspense account is created.

What are the correcting entries?

Select ONE answer:

1. account to be debited £ – purchases 214 + suspense 27 & account to be credited £ wages 241
2. account to be debited £ – wages 214 & account to be credited £ suspense 214 + purchases 0
3. account to be debited £ – wages 214 + suspense 27 & account to be credited £ purchases 241
4. account to be debited £ – purchases 241 & account to be credited £ wages 214 + suspense 27

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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