1 If the two totals of a trial balance do not agree,
the difference must be entered in
(A) The
profit and loss account
(B) A
suspense account
(C) A
nominal account
(D) The
capital account.
2 What should happen if the balance on a suspense
account is of a material amount?
(A) Should
be written off to the balance sheet
(B) Carry
forward the balance to the next period
(C) Find
the error(s) before publishing the final accounts
(D) Write it off to
profit and loss.
