Accountancy, asked by chudharysunil71, 7 months ago

suspense account is?

Answers

Answered by SHIVAMBANDE18122005

3

Explanation:

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 Shreya2202

1

Answer:

an account in the books of an organization in which items are entered temporarily before allocation to the correct or final account.

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