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Posted on November 29, 2022May 29, 2024 by opia

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Suspense accounts and error correction

Posted on November 29, 2022March 27, 2024 by opia

After which, they need to debit the suspense account and credit the accounts payable. Once the department has been specified, the accountant or management will be able to quickly bill that department. Finally, for the buying department to complete the transaction, the accountant will credit the suspense account and debit the supply account. A suspense[…]