𝐖𝐡𝐞𝐧 𝐓𝐨 𝐔𝐬𝐞 𝐒𝐮𝐬𝐩𝐞𝐧𝐬𝐞 𝐀𝐜𝐜𝐨𝐮𝐧𝐭

𝐖𝐡𝐞𝐧 𝐓𝐨 𝐔𝐬𝐞 𝐒𝐮𝐬𝐩𝐞𝐧𝐬𝐞 𝐀𝐜𝐜𝐨𝐮𝐧𝐭?

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

𝐖𝐡𝐞𝐧 𝐓𝐨 𝐔𝐬𝐞 𝐒𝐮𝐬𝐩𝐞𝐧𝐬𝐞 𝐀𝐜𝐜𝐨𝐮𝐧𝐭? Read More »