Waec Model Questions Vol1 2020 Financial Accounting Question 44
Practice objective / multiple choice question 44 from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
A trial balance was prepared after posting all entries, but it does not balance. The totals are: Debit side: ₦210,000 Credit side: ₦350,000 During posting, the following errors were made: - A purchase of ₦45,000 was omitted (i.e., not recorded at all). - A sales transaction of ₦60,000 was posted twice, once as a debit entry and once as a credit entry. No other errors exist. What amount should be entered in the suspense account (debit side) to make the trial balance balance?
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About This Question
This is Waec Model Questions Vol1 2020 Financial Accounting Question 44. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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