Question

15. The difference in trial balance is taken to
(a) The capital account (b) The trading account (c) The suspense account (d) The
profit and loss account​

Answer 1

Answer:

Ideally all errors have to be rectified before the end of the financial year. If the errors are not identified, than the difference in trial balance has to be transferred to a temporary account which is known as suspense account.  

All rectification entries has to be passed through suspense account.

Explanation:

Answer 2

Answer:

c. suspense account

Explanation:

If the trial balance do not agree and errors not located before the finalization of accounts, the difference amount has to be transferred to suspense account.