Question

when trial balance does not tally it is tallied temporarily with the help of (a) trading a/c (b) suspence a/c (c) profit and loss a/c (d) balance sheet​

Answer 1

Answer:

B

Explanation:

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Answer 2

• When trial balance does not tally it is tallied temporarily with the help of suspense account.  
• Suspense  account is created when the balance of the general ledger account does not tally.  
• It is a type of general ledger account that acts as a temporary solution until the error is discovered or the unknown transaction is identified.
• It ensures the accuracy of the ledger account and helps in preparing the financial statements for the business with the correct  objectives.
• It helps to check both the debit and credit side of the ledger, the expenses, the Assets and the liabilities of the company.  
• To prepare a correct trial balance unit the closing balance of the general ledger account.
• The ledger account is prepared from the journal entries which summarises all the financial transactions of the business for a financial year.