What is the treatment of suspense account in income statement?
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Suspense account is not disclosed in income statement. It is shown in balance sheet. If suspense account has debit balance then it will ve shown on asset side and if it has credit balance then it will shown on liabilities side