Suspense Account

𝐖𝐡𝐞𝐧 𝐓𝐨 𝐔𝐬𝐞 𝐒𝐮𝐬𝐩𝐞𝐧𝐬𝐞 𝐀𝐜𝐜𝐨𝐮𝐧𝐭?

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A suspense account is used for an unidentified transaction. As soon as that it becomes identified, record them in their respective accounts.