Neco 2019 Financial Accounting Question 6
Practice objective / multiple choice question 6 from the 2019 Neco Financial Accounting examination.
During preparation of a trial balance, two errors were made: (i) a purchase of \(\text{₦}45,000\) was recorded as a credit instead of a debit, and (ii) a sales return of \(\text{₦}12,000\) was omitted from the sales ledger. After these errors the trial balance shows total debits of \(\text{₦}210,000\) and total credits of \(\text{₦}210,000\). Determine the amount that must be transferred to the suspense account to correct the trial balance.
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About This Question
This is Neco 2019 Financial Accounting Question 6. It is one of the objective questions from the 2019 Neco Financial Accounting examination.
Difficulty level: Medium .
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