Question

The accountant of a firm was not able to tally the Trial Balance. So he balanced the

Trial Balance by writing on the credit side ‘Miscellaneous Receipts. ‘Do you agree

with the way he has tallied the Trial Balance. ?​

Answer 1

Answer:

No , I do not agree as he should credit or debit the balance amount with the opening of SUSPENSE ACCOUNT as whatever not tallied amount should be transferred to this account.

I hope it may help you