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Suspense
Suspense account
What type of account is suspense account? The suspense account is classified as a current asset, since it is most commonly used to store payments rela...
Suspense account examples
What type of account is suspense account? The suspense account is classified as a current asset, since it is most commonly used to store payments rela...
Suspense account in balance sheet
Where is the suspense account in the balance sheet? In case a suspense a/c is not closed at the end of an accounting period, the balance in suspense a...
Suspense account meaning
What is suspense account with example? A suspense account is an account used temporarily to carry doubtful entries and discrepancies pending their ana...
Suspense account reconciliation
How do you reconcile a suspense account? As the balance of a suspense account indicates control risk, the account is periodically reconciled by system...
What is suspense account?
What is suspense account with example? Suspense accounts contain entries where there are uncertainties or discrepancies. For example, if an individual...