Advertisements
Advertisements
Question
While preparing the trial balance, the accountant finds that the total of the credit column is short by ₹ 200. This difference will be __________.
Options
Debited to suspense account
Credited to suspense account
Adjusted to any of the debit balance
Adjusted to any of the credit balance
MCQ
Fill in the Blanks
Solution
While preparing the trial balance, the accountant finds that the total of the credit column is short by ₹ 200. This difference will be Credited to suspense account.
shaalaa.com
Suspense Account
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Write a note on the suspense account.
The difference of totals of both debit and credit side of trial balance is transferred to ____________.
From the following balances, prepare trial balance of Baskar as on 31st March, 2017. Transfer the difference, if any, to the suspense account.
| Name of the account | ₹ | Name of the account | ₹ |
| Opening stock | 40,000 | Debtors | 25,000 |
| Capital | 90,000 | Carriage inwards | 16,500 |
| Sales | 1,77,200 | Bills receivable | 20,000 |
| Salaries | 12,000 | Commission received | 5,550 |
| Bills payable | 9,450 | Cash at bank | 17,000 |
| Telephone charges | 2,350 | Furniture | 19,000 |
| Creditors | 16,000 | Plant and Machinery | 55,800 |
| Purchases | 85,000 | Repairs | 550 |
