Register now or log in to join your professional community.
The account where the items are entered temporarily before finalization of accounts.
If we can not tally the Balance sheet, then we can create the suspense Account where the Balance decress, there we create sunpence Account.
Whenever the balances of assets and liablities not coming same in a balance sheet at that time we check all the possiblities of that difference but if still differnce occurs then we make an account named "Suspense account" and transfer that figure to this account. It remains there untill we found a solid evidence for that diffence.
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.
