When the debit side of a Trial Balance does not agree with the credit side, the difference is temporarily posted to the credit (or debit) side of which account, so the trial balance can still be drawn up while the cause is investigated?

Model answer

suspense

Also accepted: suspense account

Explanation: A Suspense Account holds the difference until the errors causing the imbalance are found and corrected.

Derived from ZIMSEC Principles of Accounts 7112/2 Paper 2, June 2014, Q4

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