Question

Is suspense account made after the books of accounts are closed or while preparing? or both is OK?​

Answer 1

Answer:

A suspense account is an account where you record unclassified transactions. The account temporarily holds entries while you decide how you will classify them. A suspense account can also hold information about discrepancies as you gather more data.

Answer 2

Answer:

I prefer making the suspense a/c wile preparing the books of accounts

Explanation:

The reason being that I don't miss out on it while searching through the trial balance