Is suspense account made after the books of accounts are closed or while preparing? or both is OK?​

Question

Is suspense account made after the books of accounts are closed or while preparing? or both is OK?​

in progress 0
Alaia 2 years 2021-06-22T02:43:13+00:00 2 Answers 0 views 0

Answers ( )

    0
    2021-06-22T02:44:43+00:00

    Answer:

    A suspense account is an account where you record unclassified transactions. The account temporarily holds entries while you decide how you will classify them. A suspense account can also hold information about discrepancies as you gather more data.

    0
    2021-06-22T02:45:12+00:00

    Answer:

    I prefer making the suspense a/c wile preparing the books of accounts

    Explanation:

    The reason being that I don’t miss out on it while searching through the trial balance

Leave an answer

Browse

9:3-3+1x3-4:2 = ? ( )