Question
Temporary account opened to rectify the entry is known as _____________
✓
Answer
suspense account
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.
Explore more
Similar questions
Gross Profit is transferred to _____________ account.
Interest of proprietor’s drawing is credited to _____________ account.
Interest on overdraft charged by bank is ____________ in Pass Book.
In barter transaction goods are exchange for ____________
| Cash Sales | Credit Sales | Sales Return | Total Sales | |||
| 50,000 | + | 25,000 | - | ? | = | 71,500 |
Dividend received on shares is ____________ income.
Balance of depreciation A/c is transferred to ____________ A/c at the end of financial year.
Which accounting standard is followed for depreciation on fixed assets ____________
______________ Balance on Nominal Account shows expenses or loss.