• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

March 2026 ACCA Exams

Comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>

Suspense accounts…..plz show ur workings

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Suspense accounts…..plz show ur workings

  • This topic has 2 replies, 2 voices, and was last updated 13 years ago by queeenshana.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • April 21, 2012 at 7:08 pm #52291
    queeenshana
    Member
    • Topics: 25
    • Replies: 20
    • ☆

    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

    April 22, 2012 at 9:32 am #96481
    Najiya
    Member
    • Topics: 1
    • Replies: 93
    • ☆☆

    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

    April 22, 2012 at 4:23 pm #96482
    queeenshana
    Member
    • Topics: 25
    • Replies: 20
    • ☆

    thnks ma 🙂

  • Author
    Posts
Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Kaplan ACCA Free Trial

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE Exams – Instant Poll

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • zurapirveli@gmail.com on Equity settled share based payments – goods – ACCA (SBR) lectures
  • Sid24012003 on Intangibles – Example 2 – ACCA Financial Reporting (FR)
  • Ken Garrett on CIMA BA1 Spearman’s rank correlation coefficient
  • Ana1674 on CIMA BA1 Spearman’s rank correlation coefficient
  • tehreem21 on MA Chapter 2 Questions Sources of Data

Copyright © 2026 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in