Accounting WAEC

A cheque for N400 drawn in favour of Jeje was posted to the credit of his account. The entry necessary to correct the error is?

A. a debit suspense account N800,credit Jeje’s account N800
B. debit bank to correct N400, credit Jeje’s account N400
C. debit suspense account N400, credit Jeje’s account N400
D. debit Jeje’s account N800, credit suspense account N800
E. debit Jeje’s account N400, credit suspense account N400

Correct Answer:

Option D – debit Jeje’s account N800, credit suspense account N800

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