• adekunle jamiu yakub What is suspense account
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    Meanin,causes nd solution to suspense account
    23 June 2012Comment
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    • adesewa awotunde Suspence account is an account that is opened pending the location of erro. For example. If the dr side of the trial balance is #5000 and the credit side is #4500. In order to correct this error, you have to open a suspence account. To correct this error, debit suspence accoun with. #500 and credit the trial balance with #500
      Like It0 Unlike It0 13 May 2013