‘It’ is an artificial account that appears in the Trial Balance to account for undetected errors. Here ‘It’ stands for

Q. ‘It’ is an artificial account that appears in the Trial Balance to account for undetected errors. Here ‘It’ stands for:

A.            Fixed A/c

B.            Reserve A/c

C.            Suspense A/c

D.            None of the above

Answer: Suspense A/c