Define suspense account in Oracle apps and why is it
mandatory?
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Answer Posted / rahul
As far as i know, You can simply enable 'suspense account'
at 'set of books' level and specify the same account in the
respective filed.
Well technically it is not mandatory but it's preferrable
because while entering journals whenever "A debit line is
entered with out it's corresponding credit line or credit
line is entered with out it's corresponding debit line the
suspense account will come into play to balance the entry
as per the accounting convention i.e 'double entry system'.
You can also customize the suspense account as per your
requirements when this setup is done the account which is
specified by the user will come instead of suspense account
and the suspense line will be added.
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