After the corrections have been made, a revised Trial Balance is prepared which should normally tally. But, if it does not tally, it means there are still some errors which have not been detected. In such situation the usual practice is to place the difference to ___ Account and tally the Trial Balance for the time being.

Asset Account

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Capital Account

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Suspense Account

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Liability Account

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Solution

The correct option is C
Suspense Account

In such situation the usual practice is to place the difference to Suspense Account and tally the Trial Balance for the time being.

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Similar questions

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If the total of the debit column in the trial balance is more than the credit column, the difference is placed to the_____ of suspense account so that the trial balance may tally.

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The correct option is C Suspense Account In such situation the usual practice is to place the difference to Suspense Account and tally the Trial Balance for the time being.

The correct option is C
Suspense Account

In such situation the usual practice is to place the difference to Suspense Account and tally the Trial Balance for the time being.