Suspense account

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December 14, 2020 at 12:18 pm #599897
Priyanka19
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Hello sir
Can you please tell me when does the suspense account arises
December 14, 2020 at 1:15 pm #599909
John Moffat
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It arises either because there has been a mistake made in the double entry, or because the bookkeeper wasn’t sure where to enter something and so entered it in a suspense account until someone more qualified can sort it out.
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