Difference of total of debit and credit side of the trial balance is transferred to ........

Accountancy (Phase -I & II) Company Final Accounts

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Difference of total of debit and credit side of the trial balance is transferred to

Suspense A/c

Difference A/c

P & L A/c

Trading A/c?

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Explanation:

Difference of total of debit and credit side of the trial balance is transferred to Suspense A/c. Suspense accounts are used when your trial balance is out of balance or when you have an unidentified transaction. The suspense account is a general ledger account that acts as a holding account until the error is discovered or the unknown transaction is identified.