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Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Suspense accounts…..plz show ur workings
When Roberts’ trial balance was extracted, the total of the debit balances was$208,462 and the total of the credit balances was $208,642. He opened a suspenseaccount while he checked the entries. He then found that:
(i) a cash sale for $50 was debited to the cash account, but no entry was made inthe sales account;
(ii) the opening inventory figure of $1,200 was omitted from the trial balance
When Robert corrects these errors what is the balance on his suspense account?
A $1,070 debit
B $1,330 credit
C $1,280 debit
D $970 credit
difference on trial balance is
208,462 Dr – 208,642 Cr = 180Dr
Suspense account dr side
Opening balance 180
Sales 50
Closing balance 970
TOTAL 1200
Suspense account cr side
Inventory 1200
TOTAL 1200
Answer is D
thnks ma 🙂