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As at 31 December Isambards trial balance failed to balance and a suspense account was opened. When the following errors were discovered and then rectified,
As at 31 December Isambards trial balance failed to balance and a suspense account was opened. When the following errors were discovered and then rectified, the suspense account balance was eliminated.
(1) The debit side of the trial balance was undercast by $692
(2) A payment of $905 had been credited in the cash book but no other entry in respect of it had been made
What was the original balance on the suspense account?
a.$213 Dr
b.$213 Cr
c.$1,597 Dr
d. $1,597 Cr
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