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Suspense account

Zailon (Analyst) (40 Points)

09 December 2013

what are the major transaction contributing to suspense a/c and How to reduce suspense account?

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2 Replies

Jeetendra Goyal (Student CA Final ) (175 Points)
Replied 09 December 2013

in today organised business environment there is no suspense a/c

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Ankita Chawla (CA Student + Graphologist + Accountant + Audit Assistant) (909 Points)
Replied 09 December 2013

Zailon....suspense a/c is created when you are not sure of ny one a/c to be debited or cretited..........it is for a short time and needs to be cleared............. reducing suspense a/c will automatically clear when the suspense a/c is dr or cr with other right a/c

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