Waec Model Questions Vol1 2024 Financial Accounting Question 26
Practice objective / multiple choice question 26 from the 2024 Waec Model Questions Vol1 Financial Accounting examination.
During the year a purchase of inventory on credit for ₦150,000 was mistakenly recorded as a cash purchase. In addition, a sales return of ₦30,000 was omitted from the books. At year‑end the trial balance shows total debits of ₦1,200,000 and total credits of ₦1,190,000. After correcting the two errors, what amount should be shown in the suspense account?
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About This Question
This is Waec Model Questions Vol1 2024 Financial Accounting Question 26. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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