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I see, so they won’t balance. Thank you sir!
I have watched the lectures I was just unsure of the question.
Hello Sir,
Could you explain why 1 & 4 need to be corrected by suspense accounts?
Is it because they’ve specified that “cash received of $33,000 was credited to the disposals account as $30,000”, so the Cr side of the T.B. would be Undercast,
and “A cheque for $12,000 paid for the purchase of a machine was debited to the machinery account as $21,000”, so the Dr side of the T.B. would be Overcast?
-I’m not sure of the reasoning
