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* Rent payable of $240 had been debited to the rent receivable account- Does this require an entry to the suspense account?
The question was- following the correction of these errors, the balance on the suspense account would be?
The above * does require a correction ryt?
The error requires correcting, but it will not affect the suspense account.
The suspense account is only affected if the debit does not equal the credit.
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