what are the major transaction contributing to suspense a/c and How to reduce suspense account?
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Suspense account
Replies (2)
in today organised business environment there is no suspense a/c
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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