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Suspense Accounts

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Suspense Accounts

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Kim Smith.
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  • January 25, 2021 at 12:41 pm #607959
    Chloe27
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Hi could anyone help with suspense accounts/ trial balance to these examples;

    1. A cash purchase of £126 is completely omitted
    – what’s being by DR and what’s being CR to correct this?

    2. Electricity of £120 was entered into cashbook once and electricity account twice.
    – what’s being Dr and what’s being Cr to correct this?

    January 25, 2021 at 1:12 pm #607965
    Kim Smith
    Keymaster
    • Topics: 138
    • Replies: 8420
    • ☆☆☆☆☆

    Chloe – if you want “anyone” to answer you should use the student rather than the tutor forum – and you should select the relevant exam – I suggest Financial Accounting rather than Advanced Audit and Assurance: https://opentuition.com/forum/acca-forums/acca-financial-accounting-fa-forums-fia-ffa-forums

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