JAMB Accounting 2011 Objective — Question 7

Question 7 of 49 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2011 Objective paper, with the correct answer and a full explanation.

The medium of correcting errors whose differences are shown in the trial balance is by the use of

A. A. debtor's account
B. B. creditors account
C. C. suspense accountCorrect
D. D. ledger account

Explanation

A suspense account is the account used to record an error temporarily until the mistake is discovered and corrected.

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