Waec Model Questions Vol1 2024 Financial Accounting Question 33
Practice objective / multiple choice question 33 from the 2024 Waec Model Questions Vol1 Financial Accounting examination.
The trial balance of a company shows the following balances (debit unless noted): - Purchases: ₦120,000 (Dr) - Cash: ₦80,000 (Dr) - Trade Receivables: ₦50,000 (Dr) - Rent Expense: ₦20,000 (Dr) - Salaries Expense: ₦150,000 (Dr) - Sales Revenue: ₦250,000 (Cr) - Trade Payables: ₦30,000 (Cr) - Capital: ₦200,000 (Cr) The trial balance does not balance. What amount should be recorded as a debit to a Suspense Account to make the trial balance balance?
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About This Question
This is Waec Model Questions Vol1 2024 Financial Accounting Question 33. It is one of the objective questions from the 2024 Waec Model Questions Vol1 Financial Accounting examination.
Difficulty level: Medium .
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