Select Your Answer by Means of the Following Code

Multiple Choice

Select your answer by means of the following code
: If 1, 2 and 3 are correct
If 1 and 2 only are correct
If only 1 is correct
If only 3 is correct
Which of the following statements about suspense accounts is/are correct?

A) If an error is made but the trial balance is not affected, a suspense account must still be opened.
B) A suspense account is not opened unless the trial balance differs by more than £100.
C) If the final financial statements have to be prepared, a debit balance on the suspense account will . appear on the assets side of the statement of financial position.