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What Does Suspense Account Mean?
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Answer Posted / srinivas annavarapu
A Suspense A/c is an account used temporarily to carry out
doubtful receipts or payments / disbursements for which the
analysis or correction (account number or proper account)is
pending. Once the analysis is done and found whether
mistake happened at Debit or Credit, it should be corrected
and Suspense a/c should be made Zero.
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