Question
(b)The trial balance of Buumba Ltd has an excess of debit balances over credit balances of K24, 995. A suspense account has been opened to
(b)The trial balance of Buumba Ltd has an excess of debit balances over credit balances of K24, 995. A suspense account has been opened to balance the trial balance. The following transactions were later discovered: (i)Interest paid of K5, 000 and Interest received of K8, 000 have both been entered on the wrong side of the trial balance.
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
1285868781, 978-1285868783
