What is a suspense account - SS1 Accounting Meaning of Suspense Account Question
What is a suspense account?
A
A permanent account used for recording transactions
B
A temporary account used for recording transactions that cannot be immediately identified or allocated to a specific account
C
A type of account used for recording suspenseful events
Ask EduPadi AI for a Detailed Answer
Correct Option: B
Please share this, thanks:
#SS1 #SS1
Add your answer
No responses