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what is suspense account?

Answer Posted / periasamy

Hi,
When we make a trail balance a/c, Total debit and Total
crdit figures should be equal, if it is not there then we
have not posted the entries porperly and then we need to
find out the missed entries and post in it. When we are
unable to find out it, then we have to show the difference
figure as suspense account.
I think it can be right answer if i am not wrong. Your
comments are welcome

Is This Answer Correct ?    6 Yes 14 No



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