There is one payment(Suspense) entry of Rs. 1 Lakh in my book of accounts. But I dont know that to whom I had made this payment. So plz tell how can I clear this suspense
You can check in bank statement. Also you can ask for your ledger in the books of your suppliers. Or you can Analyse the value of your creditors in your books.
Second thing could be you have made some investment say in F.D.
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