This section is from the book "Real Estate Accounts", by Walter Mucklow. Also available from Amazon: Real Estate Accounts.
The uses to which a suspense account can properly be put are many, and it is usually necessary to have such an account on the books. In this particular instance the main office had paid a draft for $750 made by the sub-office just before the closing of the books, and the exact disposition thereof had not been ascertained.
 
Continue to: