Question

A Small Defination of Suspence Account

Answer 1

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A suspense account is an accountused temporarily or permanently to carry doubtful and discrepancies pending their analysis and permanent classification. A suspense accountis an account in the general ledger in which amounts are temporarily recorded.

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Answer 2

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Definition of Suspense Account :-

A suspense account is a general ledger account in which amounts are temporarily recorded. The suspense account is used because the appropriate general ledger account could not be determined at the time that the transaction was recorded.