Accountancy, asked by pksgupta341, 9 months ago

If a trial bal does not agree then accountant opens

Answers

Answered by rajv41724

Answer:

Suspense accounts are used when your trial balance is out of balance or when you have an unidentified transaction. The suspense account is a general ledger account that acts as a holding account until the error is discovered or the unknown transaction is identified.

Previous Question

Next Question

Similar questions

World Languages, 4 months ago

on which date world yoga day celebrated...

Political Science, 4 months ago

. Calculate the pressure exerted by 34 gram of ammonia (NH3) contained in 0.5 L vessel at 315 K. For ammonia a= 5 atm L’moland b=0.036 L mol. Compare the value with the calculated value if the gas were considered as ideal. (3)...

English, 4 months ago

It would have been ungrateful for Jody and Penny to? (a)kill the doe (b)leave the fawn in the jungle (c)let the fawn starve and die (d)bring the fawn home...

Social Sciences, 9 months ago

What is socially disadvantaged groups in hindi medium...

Physics, 9 months ago

A) A displacement vector r has a magnitude of r=175•0m and point at Angle of 50° relative to the x axis . (I) find the x and y component of this vector . (II) write down the vector equation for r. B) calculate the resultant of the vectors 3m/s NE,12m/s E and 5m/s N.

English, 1 year ago

Appearances are deceptive.Discuss with the reference of Two Gentlemen of Verone Plz Answer In 100 Words.

English, 1 year ago

plss write a report.........

English, 1 year ago

What do you mean by raked.