Accountancy, asked by dharani142, 8 months ago

When suspense account is open

Answers

Answered by sheikhazahra

4

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 your customer sent in a partial payment, contact the customer to find out which items or invoices the payment covers.

May this helped you ☺️

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