Question

What does the balance of suspense account indicate ?

Answer 1

A suspense account is a holding account found in the general ledger. Depending on the transaction in question, a suspense account can be an asset or liability. If it's an asset in question, the suspense account is a current asset because it holds payments related to accounts receivable.

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Answer 2

$\huge{Hey mate..!!}$

A suspense account is an account used temporarily or permanently to carry ... also be used when there is a difference between the debit and credit side of a closing or trial balance