Accountancy, asked by vedsahu117gmailcom, 3 months ago

what is suspense accounts its characteristics

Answers

Answered by swati6553

0

A suspense account is an account where you record unclassified transactions. The account temporarily holds entries while you decide how you will classify them. ... To be cleared out, the account must have a zero balance. Move suspense account entries into their designated accounts to make the suspense balance zero.

Answered by naveenjoshi01974

2

A suspense account is an account where you record unclassified transactions. The account temporarily holds entries while you decide how you will classify them. ... To be cleared out, the account must have a zero balance. Move suspense account entries into their designated accounts to make the suspense balance zero.

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