Explain why a suspense statement is created?
AS accountingAnswers: In accountancy, a suspense account is an commentary used temporarily to carry doubtful receipts and disbursements or discrepancies near-term their analysis and permanent classification.
It can be a repository for dollar transactions (cash receipts, currency disbursements & journal entries) enter with invalid vindication numbers. The account specified may not exist, or it may be deleted/frozen. If one of these conditions exist, the transaction should be directed to a suspense description.
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Texas Instrument BA2 plus calculator Q's?
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