what is suspense account in tally.
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Answer / vijay.k
Suspense account in tally indicates the transaction that has no clear information.
eg:- paid to ramu
either it is advance or payment of salary or paid for purchases or services provided etc.
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Unknown credit / Debit ...............
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expenses incurred in the formation of the company are show in : 1)debit side in the profit and loss a/c 2)as an assets in balance sheet 3) as an liabiliies in balance sheet 4) credit side in profit and loss a/c
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