Accountancy, asked by swatiankolikar, 2 months ago

What is Suspense Account? Why is it opened in books of Accounts, explain with the help of an
example.

Answers

Answered by Aяχтιc
14

Answer:

A suspense account is a catch-all section of a general ledger used by companies to record ambiguous entries that require clarification. Suspense accounts are routinely cleared out once the nature of the suspended amounts are resolved, and are subsequently shuffled to their correctly designated accounts....

Answered by nazrana953
0

Answer:

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Explanation:

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