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rectifications of errors

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(Querist)
21 May 2010 in rectifications of errors when it is neccessary to open suspence accounts
can you explain this with examples? thank you
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Akbar Mirza

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Akbar Mirza (Expert)
21 May 2010 If we dont know
1)the nature of expense, or
2)head of expense or
3)dont know the name of person to whom we have made payment or
4)from whom we received the payment then suspense account is created.

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