what is suspense a/c?

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what is suspense a/c?..

Answer / sanjay

Suspense Account is the account for posting unknown debit/credit. It is either debit or credit.
whenever u know the source of the relevant entry u have to
clear that posting from suspense account to respective income/expense

Is This Answer Correct ?    9 Yes 1 No

what is suspense a/c?..

Answer / syedmazhar

Some of the Expenses are not to be perfacly determide to
suitable head, i.e exp are to be transfer to suspense a/c.

Is This Answer Correct ?    0 Yes 1 No

what is suspense a/c?..

Answer / gunjan kumar mishra

suspense a/c is not party name clear.

Is This Answer Correct ?    4 Yes 9 No

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