Accounting for IGCSE & O level - Accounting Procedures (Section 6 - No. 20)
When a sales commission of \$140 is misposted as \$400, what is the required adjustment?
Debit Sales Commission and Credit Suspense Account for \$260.
Debit Suspense Account and Credit Sales Commission for \$260.
Debit Sales Commission and Credit Suspense Account for \$300.
Debit Suspense Account and Credit Sales Commission for \$300.
Explanation
Debit Suspense Account and Credit Sales Commission for \$260.
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