Suspense account is used in the correction of
...Suspense account is used in the correction of
All errors in the trial balance
Errors that affect the agreement of a trial balance
Errors that do not affect the agreement of a trial balance
Errors that affect the accuracy of the net profit
Correct answer is B
No explanation has been provided for this answer.
Capital: opening balance 307,000 closing balance 342,000 Net profit for the period 121,600 Openin...
Investment at cost of a company is to be disclosed under ...
Gross Profit of a business is the ...
Use the following to answer the given question \(\begin{array}{c|c} & N & & N \\ \h...
Which of the following accounts has credit balance? ...
Use the following to answer the given question BALANCE SHEET: \(\begin{array}{c|c} & N &am...
The suspense account is used to correct book-keeping error where the ...
Credit purchases are always put at 150% of the total cash paid to suppliers Determine the c...
Which of the following is not part of the double entry system? ...