Accountancy, asked by dilpreetkaur6273, 1 day ago

what is suspense account when and why it is opened

Answers

Answered by vaishnavib390

Answer:

A suspense account is opened whenever you receive a payment and you cannot identify which invoice the customer wants paid or which customer made the payment. ... If you cannot identify the customer, hold the payment in suspense until a customer comes forward to claim the payment.

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