Question

what is suspense account? class 11​

Answer 1

Answer:

A suspense account is an account used temporarily 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

Answer 2

Answer:

Suspense Account is the account to which the amount if differenec in the trial balance is placed. This is the account that is used to rectify all one sided errors or erros that affect Trial Balance.