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, …

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