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प्रश्न
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.
पर्याय
True
False
MCQ
चूक किंवा बरोबर
उत्तर
This statement is True.
When the trial balance agrees, it means debit side total is equal to the credit side total of balances of Ledger accounts. So, we can say that there is no need to open a Suspense Account if the trial balance agrees.
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Preparation of Suspense Accounts
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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:
All the errors can be rectified only through Suspense Account.
Complete the following sentence:
Temporary account opened to rectify the entry is known as ______
