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What Does Suspense Account Mean?
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Answer Posted / padeep banduni
Suspence A/c is a temperory account which is created to
prevent wrong entry or posting the same in ledger. after
geting knowledge about the expense or income the same is
posted into right head it is used to prevent from error of
ommisstion, commission, pricipals.
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Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry
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