A business extracted its trial balance and discovered that the total of the credit side exceeded…

Accounts - Principles of Accounts WAEC 2020

A business extracted its trial balance and discovered that the total of the credit side exceeded the total of the debit side. Pending further investigation, the difference would be 

  • credited to suspense account
  • debited to suspense account checkmark
  • credited to Profit and Loss Account
  • debited to Profit and Loss Account

The correct answer is: B

Explanation

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