Your organisations trial balance at 31 October 20X9 is out of agreement, with the debit side totalling
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Your organisation’s trial balance at 31 October 20X9 is out of agreement, with the debit side totalling $500 less than the credit side. During November, the following errors are discovered: • the sales journal for October had been undercast by $150; • rent received of $240 had been credited to the rent payable account; • the allowance for receivables, which decreased by $420, had been recorded in the allowance for receivables account as an increase. Following the correction of these errors, the balance on the suspense account would be: Dr/Cr $ ……… ………
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Related Book For
Fundamentals Of Financial Accounting
ISBN: 978-0750680813
1st Edition
Authors: Henry Lunt, Walter Allan
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