A suspense account is an account in the general ledger in which amounts are temporarily recorded. The suspense account is used because the proper account could not be determined at the time that the transaction was recorded.
When the proper account is determined, the amount will be moved from the suspense account to the proper account.
Suspence account is used to fill the place in any transaction where either debit or credit side account is not know due to any reason like incomplete information.
Suspence account is used where there is one or more debit or credit account information is missing in transaction due to unavailability of information or any other reason to balance out the transaction for time being.
You can create a suspence account for adjustment of transactions.
Drawings Account is a Temporary Account
Real Account
Suspence account is used to fill the place in any transaction where either debit or credit side account is not know due to any reason like incomplete information.
suspence account are temporary holdling account for financial information on general ledger
Suspence account is used where there is one or more debit or credit account information is missing in transaction due to unavailability of information or any other reason to balance out the transaction for time being.
You can create a suspence account for adjustment of transactions.
what is the definition of suspense
Suspence
Suspence
suspence and tension
Suspence
the second word for conflict according to me suspence bacause conflict comes in the story when suspence comes in the story so conflict is a part of conflict
I'll tell you next week
exiting good suspence & drama