by: Admin_LouisPosted on:

The suspense account is used to correct book-keeping error where the

The suspense account is used to correct book-keeping error where the

Options

A) amount involved is quite significant

B) item involved is not material

C) item involved is unknown

D) error does not affect the agreement of the trial balance

The correct option is D

We have WAEC, GCE, NECO, JAMB ONLINE TUTORIAL CLASS that can help you out. CLICK HERE TO GET STARTED.

FOR SHORT TUTORIAL VIDEOS ON YOUTUBE CLICK HERE AND SUBSCRIBE

Related posts:

  1. What is the net working capital?
  2. A discount that is allowed to encourage a debtor to pay off his debt within a period is the
  3. A joint cost of ₦72 million incurred by the two departments was apportioned ₦30 million to A and ₦42 million to B. The basis used for apportionment must have been
  4. Receipt and payments account of a non-profit making organization is principally a summary of the

Leave a Reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link
%d bloggers like this: