I n t e r a c t I v e t e X t foundations in Accountancy/ acca financial accounting (ffa/FA) bpp learning Media is an acca approved Content Provider

(2 marks) 

65 

A suspense account was opened when a trial balance failed to agree. The following errors were 

later discovered. 

 

A gas bill of $420 had been recorded in the gas account as $240 

 

A sales invoice to a customer for $50 had been credited to accounts receivable 

 

Interest received of $70 had been entered in the bank account only 

What was the original balance on the suspense account? 

A $210 

Dr 

B  

$210 Cr 

C $160 

Dr 

D $160 

Cr 

 

(2 marks) 

66 

The bookkeeper of Field made the following mistakes: Bank interest paid of $384 was credited 

to the bank interest received account. Bank interest received of $296 was debited to the bank 

interest paid account.