📘 What is a Suspense Account? | Simple Explanation for Accounting Students 💼📊
1:00
YouTubeAccounting Hub
📘 What is a Suspense Account? | Simple Explanation for Accounting Students 💼📊
In this video, learn what a Suspense Account is and why it is used in accounting 💼📘. A suspense account is a temporary account created to record transactions when there is uncertainty, error, or incomplete information in the books. It helps keep the trial balance correct until the mistake is identified and the correct account is located ...
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