Neco Model Questions Vol1 2018 Financial Accounting Question 23
Practice objective / multiple choice question 23 from the 2018 Neco Model Questions Vol1 Financial Accounting examination.
A trial balance shows a discrepancy of \(12,500\) on the debit side. Investigation reveals two errors: (i) a purchase invoice of \(45,000\) was recorded as \(54,000\); (ii) a sales invoice of \(30,000\) was omitted. What entry should be made to the suspense account to correct the trial balance?
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About This Question
This is Neco Model Questions Vol1 2018 Financial Accounting Question 23. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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