Gce Model Questions Vol1 2020 Financial Accounting Question 24
Practice objective / multiple choice question 24 from the 2020 Gce Model Questions Vol1 Financial Accounting examination.
During posting, a purchase invoice of \(4{,}560\) was mistakenly recorded as \(5{,}460\) in the Purchases Ledger. In addition, a sales return of \(1{,}230\) was omitted entirely. The trial balance after these errors shows a debit‑side excess of \(1{,}230\). What amount should be transferred to the Suspense Account to correct the trial balance?
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About This Question
This is Gce Model Questions Vol1 2020 Financial Accounting Question 24. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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