Advertisements
Advertisements
प्रश्न
State whether the following statement is True or False with reason:
All the errors can be rectified only through Suspense Account.
विकल्प
True
False
MCQ
सत्य या असत्य
उत्तर
This statement is False.
When the debit side total is not equal to the credit side total of balances of ledger accounts, one side errors are identified and its rectification is completed through suspense account. So, we can say that all the errors can’t be rectified only through suspense account.
shaalaa.com
Preparation of Suspense Accounts
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
APPEARS IN
संबंधित प्रश्न
Give one word/term or phrase for the following statement:
Accounts to which difference in Trial Balance is transferred.
State whether the following statement is True or False with reason:
There is no need to open a Suspense Account if the Trial Balance agrees.
Complete the following sentence:
Temporary account opened to rectify the entry is known as ______
