JAMB Accounting 2022 Objective — Question 10

Question 10 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2022 Objective paper, with the correct answer and a full explanation.

10. The suspense account is used to correct errors that fail

A. (A) trial balanceCorrect
B. (B) ledger
C. (C) balance sheet
D. (D) receipt and payment account

Explanation

A suspense account is used to correct errors that cause the trial balance to fail to balance.

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