What is a suspense account? Is it necessary that is suspense account will balance off after rectification
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What is a suspense account? Is it necessary that is suspense account will balance off after rectification of the errors detected by the accountant? If not, then what happens to the balance still remaining in suspense account?
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A suspense account is a temporary account used in accounting to temporarily hold entries for transactions or errors that cannot be immediately identif...View the full answer
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Related Book For 
Accountancy Financial Accounting Part 1 Textbook For Class 11
ISBN: 9788174505071
1st Edition
Authors: NCERT
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