Economics · Accountancy
Which of the following errors would result in a trial balance mismatch, thereby requiring a balance in the suspense account?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A purchase invoice for $500 was omitted from the accounting records entirely.
- 2A check for $250 paid for insurance was debited to the insurance account and also debited to the bank account.✓
- 3The totals of the Sales Day Book were overcast by $1,000 and posted to both accounts accordingly.
- 4A credit sale of $150 was recorded by debiting the sales account and crediting the customer's account.
Correct answer
A check for $250 paid for insurance was debited to the insurance account and also debited to the bank account.
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