Accounting – 3.2 Correction of errors | e-Consult
3.2 Correction of errors (1 questions)
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Suspense Account
| Particulars | Debit (£) | Credit (£) |
| Rent Expense (credit) | 800 | |
| Cash (debit) | 150 | |
| Balance c/d | 0 | 0 |
Calculation:
Total Debits: £800
Total Credits: £150
Balance c/d: £800 - £150 = £650
Final Balance of Suspense Account: £650