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What can the maxium amount transfer to the Suspense a/c?

Question Posted / vijay


What can the maxium amount transfer to the Suspense a/c?..

Answer / sharath

There is no maximum limit in a suspense account. That does
not mean that all the un reconciled amounts are transfered
to suspense, they have to be reconciled and only the rest
can be posted. The amount to be posted can be decided based
on the size of the business.

Is This Answer Correct ?    15 Yes 0 No

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