Accounting 0452 · IGCSE · The trial balance

The trial balance — practice question

Which statement gives the correct description of a suspense account?

  • AIt is an account opened to check for errors in a trial balance.
  • BIt is a permanent account used to correct the statement of financial position.
  • CIt is a temporary account used to correct errors of complete reversal.
  • DIt is an account that is opened when the totals of a trial balance disagree.

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