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Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Suspense account
When Robert trial balance was extracted the total of the debit side was 208462 while total of the credit side was 208642. He opened a suspense account while he checked the entries :
1 – a cash sale of 50 was debited to cash but no entry in sales account was done
2 – opening inventory of 1200 was omitted from the trial balance.
When Robert correct these errors what will be the balance on the suspense account ?
a- 1070 Debit
b- 1330 Credit
c- 1280 Debit
d- 970 Credit
Can you pls help me with this question . Thanks
debit suspense 180
now, correcting.
cr sales 50 dr suspense 50
dr inventory 1200 cr suspense 1200
balance on suspense is cr 970.