Q. ‘It’ is an artificial account that appears in the Trial Balance to account for undetected errors. Here ‘It’ stands for:
A. Fixed A/c
B. Reserve A/c
C. Suspense A/c
D. None of the above
Answer: Suspense A/c
We will be happy to hear your thoughts
A. Fixed A/c
B. Reserve A/c
C. Suspense A/c
D. None of the above
Answer: Suspense A/c
