What should happen if the balance on a Suspense Account is of a material amount? (A) Should

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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

(D) Write it off to Profit and Loss Account.

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Frank Woods Business Accounting Volume 1

ISBN: 9780273681496

10th Edition

Authors: Frank Wood, Alan Sangster

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Question Posted: Aug 19, 2023 11:34 PM

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What should happen if the balance on a Suspense Account is of a material amount? (A) Should

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C Find the errors before publishing the final accounts When the balance on a Su...View the full answer

Frank Woods Business Accounting Volume 1

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