Gce Model Questions Vol1 2023 Financial Accounting Question 17
Practice objective / multiple choice question 17 from the 2023 Gce Model Questions Vol1 Financial Accounting examination.
After posting all entries, the trial balance of ABC Co shows a difference of £(720), which has been recorded in a suspense account. Later the accountant discovers that a purchase invoice of £(2,400) was mistakenly recorded as £(2,040) due to a transposition error. After correcting this error, what will be the balance remaining in the suspense account?
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About This Question
This is Gce Model Questions Vol1 2023 Financial Accounting Question 17. It is one of the objective questions from the 2023 Gce Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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