Question

what is suspense account​

Answer 1

Answer:

Suspense account

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.

Answer 2

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