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What will happen If I am not giveing the Suspense accout
while defineing the Set of Books in GL?
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Answer Posted / askvenki
IF YOU ENTER JOURNAL
CASH A/C DR 10,000
TO RENT A/C CR 8000
IF YOU DONOT ENABLE SUSPENCEA/C THE A/C IS NOT
AUTOMATICALLY CREATED AND IT IS NOT POSTED
IT IS IN ENABLE STATE THIS IS POSTED AND EXCESS AMT IS
CREDITED TO SUSPENCE A/C
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