Accounting · Rectification of Errors and Suspense Account

Assertion (A): Rectification of errors involving a one-sided mistake in the sales day book requires an entry in the Suspense Account only if the error is detected before the preparation of the Trial Balance. Reason (R): A Suspense Account is a temporary ledger account used to balance the Trial Balance when the cause of the disagreement is not immediately known, and it is eliminated once all errors are identified and corrected.