Accountancy, asked by hiyamehta25, 17 days ago

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

Answers

Answered by Maitri1528

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.

Answered by abhinavshah2004

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

Previous Question

Next Question

Similar questions

English, 8 days ago

“Charity begins at home, but should not end there.” Write an incident in 100-120 words in the form of a paragraph from your life where you have shown charity and rendered help to someone in need.

Math, 8 days ago

this question is from Arithmetic Progressions jaldi bta do Yaar...

Chemistry, 8 days ago

How many mole of CaCl2 are required to precipitate one mole of Ca3(Po4)...

Physics, 17 days ago

A convex mirror used a rear-view mirror in a car has a radius of curvature of 3 m. If a bus is located at a distance of 20m from this position of image. What is the nature of image ?

Computer Science, 17 days ago

I tried but I couldn't. Plese help someone ...

Social Sciences, 8 months ago

which is the hottest place in the world ...

Math, 8 months ago

help me fast please...

Environmental Sciences, 8 months ago

what is celebration?

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

Answers

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