Accountancy, asked by Anonymous, 1 day ago

what is suspense account??
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Answers

Answered by oODivineGirlOo

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.

Answered by βαbγGυrl

Answer:

A suspense account is an account in the general ledger that temporarily stores any transactions for which there is uncertainty about the account in which they should be recorded.

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