每日一练F3 答案回复可见

The following information is relevant for questions 11 and 12.
When Q’s trial balance failed to agree, a suspense account was opened for the difference. The trial balance totals were:
Debit $864,390
Credit $860,930
The company does not have control accounts for its receivables and payables ledgers.
The following errors were found:
(1) In recording an issue of shares at par, cash received of $333,000 was credited to the ordinary share capital
account as $330,000.
(2) Cash $2,800 paid for plant repairs was correctly accounted for in the cash book but was credited to the plant
asset account.
(3) The petty cash book balance $500 had been omitted from the trial balance.
(4) A cheque for $78,400 paid for the purchase of a motor car was debited to the motor vehicles account as
$87,400.
(5) A contra between the receivables ledger and the payables ledger for $1,200 which should have been credited in
the receivables ledger and debited in the payables ledger was actually debited in the receivables ledger and
credited in the payables ledger.
11 Which of these errors will require an entry to the suspense account to correct them?
A All five items
B 3 and 5 only
C 2, 4 and 5 only
D 1, 2, 3 and 4 only.

12 What will the balance on the suspense account be after making the necessary entries to correct the errors
affecting the suspense account?
A $2,440 Debit
B $15,560 Credit
C $13,640 Debit
D $3,440 Debit.

11 D
12 A 3,000 + 9,000 – 3,460 – 5,600 – 500 = 2,440