- This topic has 0 replies, 1 voice, and was last updated 13 years ago by
.
Viewing 1 post (of 1 total)
- Posts
QUESTION 19
When Dave’s trial balance was extracted, the total of the credit balances was $20,360 more
than the total of the debit balances. He opened a suspense account while he checked the
entries. He then found that:
(i) The acquisition of a non-current asset which cost $26,500 was posted correctly to the
bank but no other entry was made.
(ii) The opening inventory figure of $6,500 was omitted from the trial balance.
When Dave corrects these errors what is the balance on his suspense account (specify
whether DR or CR)
Viewing 1 post (of 1 total)
- You must be logged in to reply to this topic.