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GhazX

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Active 1 year ago
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Viewing 2 posts - 1 through 2 (of 2 total)
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  • August 22, 2021 at 7:07 am #632473
    2ffbe35c9cebd8fa0405543a6bf5545bea0971fa409f52f1de8b47234de0d3fe 80GhazX
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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.

    August 21, 2021 at 3:36 pm #632422
    2ffbe35c9cebd8fa0405543a6bf5545bea0971fa409f52f1de8b47234de0d3fe 80GhazX
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    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

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