If the errors are detected after preparing trial balance, then all the errors are rectified through suspense account. [Dec 2022, 2 Marks]
Options
A
B
C
D
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Accounting ProcessQuestion 5025 of 84
All Questions Correct Answer
✅ Option — Correct Option
All Options:
- A
- B
- C
- D
Detailed Solution & Explanation
False: If the errors are detected after preparing trial balance, then all the errors are not
rectified through suspense account. There may be errors of principle, which can be rectified
without opening a suspense account.
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