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Suspense account in itself does not serve to detect errors. Suspense account only assist an accountant to warehouse observed errors or imbalance in the books pending wh ... See More
Agreed with the answer professor frank-mwansa
A suspense account is a temporary resting place for an entry that will end up somewhere else once its final destination is determined. The are two reasons why a suspen ... See More
Actually some times a customers make a mistake to write mismatched the account number and figures and or in words so the authority keep those account in a Suspense Accoun ... See More