Trial Balance and Suspense accounts understanding 3

QS1)

Blunder Boy’s trial balance did not balance and a suspense account was opened to restore equality.
It was discovered that:

1. the sales returns day book had been overcast by $270;
2. an invoice for $2,600 was incorrectly entered in the sales day book at $6,200;
3. a cheque for $500 from a credit customer had been debited to payables in error.
What was the original balance on the suspense account?

Advice
The correct answer is: $1,000 credit.

The original entries had two debits of 500, with no corresponding credits. So the ?nal balance would have had 1,000 more debits than credits. Therefore a suspense account needed to be set up with an opening balance of 1,000 credit.

From this I gather daybooks are not included in the trial balance?

QS2)

Which of the following errors could explain a suspense account balance of $50 (debit) on a preliminary trial balance?

A Discounts received of $50 had been omitted from the trial balance.
B The total column of the cash payments book was overcast by $50.
C An invoice for $550 was recorded as $500 in the receivables ledger.
D The credit side of the cash account was undercast when the nominal ledger was balanced off.

Correct answer is B