In case, a trial balance does not agree, the difference is put to ___________.

Suspense a/c

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Drawings a/c

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Capital a/c

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Trading a/c

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Solution

The correct option is A Suspense a/c
If trial balance does not agree, the difference amount is parked in a temporary account known as "suspense a/c" All rectification entries are passed through suspense account.

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Similar questions

Q. A Trial balance may not agree in case of_____.

Q. A trial balance may agree in case of__________.

Q. While checking the accounts of ABC the following discrepancies were noticed, even though the trial balance was made to balance by putting the difference to Suspense A/c.
(i) Sales day book for the month of June was found overcast by Rs

7, 000

.
(ii) A credit purchase of Rs

3, 000

was omitted to be recorded in the purchase day book.
(iii) Rs

4, 300

received from A credited to A A/c Rs

3, 400

.
(iv) Purchase of Office Equipment worth Rs

5, 000

included in trading purchases.
From the above details what would have been the difference in Trial Balance which was made to balance by opening Suspense A/c.

A book-keeper of a trading concern having failed to agree to the trial balance opened a suspense account and entered the difference in the trial balance.

The following errors were subsequently discovered.

(i) Goods sold to Manohar for Rs. 550 was posted as Rs. 5,500 in Manohar's account.

(ii) Purchases return book was carried forward as Rs. 1,220 instead of Rs. 1,120.

You are required to pass the journal entries for rectification of the above errors.

Q. While checking the accounts of ABC the following discrepancies were noticed, even though the trial balance was made to balance by putting the difference to suspense A/c.
(a) Sales day book for the month of June 2013 was found overcast by Rs. 7000
(b) A credit purchase of Rs.3,000 was omitted to be recorded in the day book.
(c) Rs.4,300 received from A credited to A's Rs.3,400
(d) Purchase of office equipment worth Rs.5,000 included in trading purchases.
From the above details while rectifying the mistake suspense a/c will be.

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In case, a trial balance does not agree, the difference is put to ___________.

The correct option is A Suspense a/cIf trial balance does not agree, the difference amount is parked in a temporary account known as "suspense a/c" All rectification entries are passed through suspense account.

The correct option is A Suspense a/c
If trial balance does not agree, the difference amount is parked in a temporary account known as "suspense a/c" All rectification entries are passed through suspense account.