Gce Model Questions Vol1 2018 Financial Accounting Question 31
Practice objective / multiple choice question 31 from the 2018 Gce Model Questions Vol1 Financial Accounting examination.
During preparation of a trial balance the following amounts were posted:\n- Purchases: debit \(12,500\)\n- Purchases Returns: credit \(12,500\)\nThe correct amounts should be Purchases debit \(13,200\) and Purchases Returns credit \(11,800\). The accountant mistakenly posted the \(11,800\) that should have been credited to Purchases Returns as a debit to Purchases. No other errors exist. What amount should be transferred to the Suspense Account to bring the trial balance into balance?
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About This Question
This is Gce Model Questions Vol1 2018 Financial Accounting Question 31. It is one of the objective questions from the 2018 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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