Advertisements
Advertisements
Question
Give one word/term or phrase for the following statement:
Accounts to which difference in Trial Balance is transferred.
One Word/Term Answer
Solution
Accounts to which difference in Trial Balance is transferred. - Suspense account
shaalaa.com
Preparation of Suspense Accounts
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
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.
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 ______
