To correct an error, the purchases account was debited wh...
To correct an error, the purchases account was debited while Suspense account was credited. Which of the following was the cause of the error?
Undercasting of purchase
Overcasting of purchases
Original entry
Transportation of returns outwards
Omission of creditor's balance
Correct answer is A
No explanation has been provided for this answer.
\(\begin{array}{c|c} & \text{1st Jan.} & \text{31st Dec.} \\ & ₦ & ₦ \\ creditor...
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