I am struggling to work through one of the error corrections on an ICB BA4 mock exam for Berkshire Carpets. I have been given the following:The drawings account showed an entry posted in March for £5,000 cash withdrawn for personal use. In fact this amount had been paid into the bank account to assist with the overdraft situation and not withdrawn. The bank account entry is correct. It is decided that this should be treated as a return of drawings rather than an inflow of capital. Has anyone else had problems with this question? I have corrected the other errors but am still £10,000 short to balance the suspense account on the debit side. I need to credit drawings £5,000 and debit suspense £5,000 but that still leaves me with £5,000 any ideas? Also, I have stupidly clicked finish on the mock before I downloaded the reports and now can't check these, arrgh, I'm not having a good day!
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