A cheque for N400 drawn in favour of Jeje was posted to the credit of…

Accounts - Principles of Accounts WAEC 1989

A cheque for N400 drawn in favour of Jeje was posted to the credit of his account. The entry necessary to correct the error is

  • a debit suspense account N800,credit Jeje's account N800
  • debit bank to correct N400, credit Jeje's account N400
  • debit suspense account N400, credit Jeje's account N400
  • debit Jeje's account N800, credit suspense account N800 checkmark
  • debit Jeje's account N400, credit suspense account N400

The correct answer is: D

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