Question

what is suspenses A/C? explain ​

Answer 1

Answer:

The Suspense Account is added to the end of a Trial Balance because a bookkeeper of a business is unable to balance the Trial Balance as the error or errors cannot be found quickly (for the time being, it cannot be found, but maybe we can find the error). The suspense account will have a debit or credit balance, depending on which side we are short. This will make both columns balance. Here, we are putting in the errors which led to the Trial Balance not balancing.