Gce Model Questions Vol1 2019 Financial Accounting Question 48
Practice objective / multiple choice question 48 from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
In a trial balance the Purchases account is shown as \(4,560\) (debit) but the correct amount should be \(4,650\). No other errors are present and the Suspense Account currently has a zero balance. After correcting the transposition error, what balance should appear in the Suspense Account and should it be a debit or credit balance?
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About This Question
This is Gce Model Questions Vol1 2019 Financial Accounting Question 48. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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