The account to which the difference in the trial balance is temporarily placed , so that the trial balance is made totally, such an account is called
A) Customers account
B) Suspense account
C) Bank account
D) Capital account
Correct Answer:
Verified
Q6: Three column cashbook contains
A)Cash ,credit ,bank
B)Cash, discount,
Q7: Small payments are entered in
A)Simple cashbook
B)Petty cash
Q8: Imprest system is used in
A)Petty cashbook
B)Simple cashbook
C)Double
Q9: An error which violates the fundamentals of
Q10: Which error does not affect the trial
Q12: Journal entries passed to correct the errors
Q13: Errors cancelled by themselves are called
A)Compensating errors
B)Errors
Q14: Rs 280 received from Roy is credited
Q15: A suspense account is created when the
Q16: The balance of trading account is called
A)Balance
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