what is the nature of suspense account
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A suspense account is a holding account found in the general ledger. Depending on the transaction in question, a suspense account can be an asset or liability. If it's an asset in question, the suspense account is a current asset because it holds payments related to accounts receivable.
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suspense account
Explanation:
suspense account is the holding account found in the general ledger . depending on the transaction in que a suspense account can be assest a liability .
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