A debit cash balance of N26,900 was brought down as N24,300. The entries necessary to…

Accounts - Principles of Accounts WAEC 1994

A debit cash balance of N26,900 was brought down as N24,300. The entries necessary to correct the error are

  • debit cash account N5,200, credit suspense account N5,200
  • credit cash account N5,200, debit suspense account N5,200
  • debit cash account N2,600, credit suspense account N2,600
  • credit cash account N2,600, debit suspense account N2,600 checkmark
  • credit cash account N2,600, debit bank account N2,600

The correct answer is: D

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