What is suspense Account?
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Answer Posted / hashim bim ali
unless the difference in the trial balance quickly located
it is usual to put all the difference to a suspense account
in order at least to make the trial balance look balanced.
if the debit side of the trial balance is short, the
suspense account will be debited by saying"to difference in
the trial balance, and similaryly credit side will be
credited if credit side is short.
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