The petty cash book balance 500$ has been omitted from the trial balance. .does this error require an entry to the suspense account to correct it? actually does this error should be taken into account in a trial balance?
the answer is
yes.
but it is confused to me because we know books dont affect trial balance, only control accounts affect trial balance.. in this question it is stated petty cash book , then why we correct it and write it in trial balance? this is not control account, this is book..