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Purpose of Suspense Account

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Question ajoutée par Utilisateur supprimé
Date de publication: 2014/08/06
MUDDASSER ALI
par MUDDASSER ALI , Manager Accounts , M/s Ghulam Muhammad & Sons (GMS (Pvt) Ltd). (Autoparts Manufacturing Concern)

Used for balancing /adjsuting an entry,which is ambigious.

Nabeel Khan
par Nabeel Khan , Inspector (Investigation Officer) , Federal Investigation Agency (FIA) - Govt. of Pakistan

A temporary or transitory purpose account which is used when for e.g the officer is not sure in which head or account should an entry be made then it is temporarily placed in suspence account. Same is to be reversed and recorded under proper accuont when it is determined.

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