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what is suspense a/c?
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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 |
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 |
Answer / gunjan kumar mishra
suspense a/c is not party name clear.
| Is This Answer Correct ? | 4 Yes | 9 No |
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