What Is a Suspense Account

A Basic Guide – What Is a Suspense Account?

Every business calls for the settlement of some unsettled, ambiguous, and temporary calculations and entries in their ledger on a daily basis. Where should these entries be made in your bookkeeping record? Are these short-term records a part of assets or liabilities? What is a suspense account? And, how to manage a suspense account? Moreover, […]

A Basic Guide – What Is a Suspense Account? Read More »