A suspense account is used in UK accounting to

A suspense account is used in UK accounting to

A suspense account is used in UK accounting to:

A. Record permanent income

B. Temporarily hold entries when the trial balance does not balance

C. Record owner’s investments

D. Track long-term liabilities

Answer: B

Explanation: A suspense account is a temporary account used to balance the trial balance when errors are unidentified, and all entries must be cleared once errors are found.