A trial balance extracted from a sole trader’s records failed to agree, and a suspense account was opened for the
difference.

Which of the following errors would require an entry in the suspense account in correcting them?

(1)   Discount allowed was mistakenly debited to discount received account.
(2)   Cash received from the sale of a non-current asset was correctly entered in the cash book but was debited to the
        disposal account.
(3)   The balance on the rent account was omitted from the trial balance.
(4)   Goods taken from inventory by the proprietor had been recorded by crediting Drawings account and debiting
        Purchases account.

A     All four items
B     2 and 3 only
C     2 and 4 only
D     1 and 3 only

B

b