Question

what is sespense account write the characters of suspens account​

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.

When you open an accounting suspense account, the transaction is considered in suspense. You can open a bank account to hold funds for suspense accounts. This keeps uncategorized transactions separate from categorized transactions.

Characters for example,

#1: Receiving a partial payment

#1: Receiving a partial paymentYou receive a partial payment of $50 from a customer.

#1: Receiving a partial paymentYou receive a partial payment of $50 from a customer.Open a suspense account. Credit $50 to the suspense account. Debit the cash account for the same amount.Account Debit Credit

#1: Receiving a partial paymentYou receive a partial payment of $50 from a customer.Open a suspense account. Credit $50 to the suspense account. Debit the cash account for the same amount.Account Debit CreditSuspense Account 50

#1: Receiving a partial paymentYou receive a partial payment of $50 from a customer.Open a suspense account. Credit $50 to the suspense account. Debit the cash account for the same amount.Account Debit CreditSuspense Account 50Cash 50

#1: Receiving a partial paymentYou receive a partial payment of $50 from a customer.Open a suspense account. Credit $50 to the suspense account. Debit the cash account for the same amount.Account Debit CreditSuspense Account 50Cash 50 When you receive the full payment from the customer, debit $50 to the suspense account. Also, credit accounts receivable for the same amount. This closes the suspense account and moves the payment to the correct account.

#1: Receiving a partial paymentYou receive a partial payment of $50 from a customer.Open a suspense account. Credit $50 to the suspense account. Debit the cash account for the same amount.Account Debit CreditSuspense Account 50Cash 50 When you receive the full payment from the customer, debit $50 to the suspense account. Also, credit accounts receivable for the same amount. This closes the suspense account and moves the payment to the correct account.Account .

Account. Debit Credit

Suspense Account 50

Accounts Receivable 50

So i think it helps you friend.

Answer 2

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 (cash receipts, cash disbursements and journal entries) entered with invalid account numbers.

hope it helps