Accountancy, asked by aasifmanzoorwani, 2 months ago

a What is Suspense Account?

Answers

Answered by ayushanand42

1

Answer:

A suspense account is an account used temporarily or permanently to carry doubtful entries and discrepancies pending their analysis and permanent classification. It can be a repository for monetary transactions entered with invalid account numbers. The account specified may not exist, or it may be deleted/frozen.

Answered by sakshi010705

2

Answer:

A suspense account is an account used temporarily or permanently to carry doubtful entries and discrepancies pending their analysis and permanent classification. It can be a repository for monetary transactions entered with invalid account numbers. The account specified may not exist, or it may be deleted/frozen.

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