Accountancy, asked by karmakarjeet2002, 10 months ago

suspense account always show credit balance (true or false)​

Answers

Answered by Anonymous
3

False.

Suspense Account:-

Despite the accountants best efforts when the trail balance is not satisfied or balanced the difference between the debit & the credit totals to transferred to an account called suspense Account & that account is placed where the total is least. it can be either debit or credit.

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