MC39 What is a suspense account?
A. An account used to record correcting entries for trial balance errors
B. An account used to record transactions that have not yet been allocated to the correct account
C. An account used to record transactions that have been reversed
D. An account used to record transactions that have been accrued
Answer:A
MC39 What is a suspense account?
A. An account used to record correcting entries for trial balance errors B. An account used to record transactions that have not yet been allocated to the correct account C. An account used to record transactions that have been reversed D. An account used to record transactions that have been accrued