suspense a/c

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manager
24 Points Posted on 16 September 2010

what is suspense a/c and when it  is used?

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On 16 September 2010 at 15:10 Report
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CA
119 Points Posted on 16 September 2010

Hi Samarth,

Generally suspese account is used in the cases where the nature of expenses are not known ie for what purpose the amount is spent.

Regards,

S.V

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On 16 September 2010 at 15:23

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