Gce Model Questions Vol1 2019 Financial Accounting Question 46
Practice objective / multiple choice question 46 from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
A trial balance shows Sales \(120,000\) and Purchases \(45,000\) together with a Suspense Account \(2,500\) on the debit side. It is later discovered that a purchase invoice of \(3,200\) was omitted and a sales invoice of \(1,800\) was recorded twice. After correcting these errors, what should be the balance of the Suspense Account (state the amount and whether it is a debit or credit balance)?
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About This Question
This is Gce Model Questions Vol1 2019 Financial Accounting Question 46. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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