Suspense Account Suspense account is an account in the general ledger in which amounts are temporarily recorded. It is used when the proper account cannot… Read More »What is a Suspense Account in Accounting?
Accounting is the recording of financial transactions along with storing, Sorting, Retrieving, Summarizing, and presenting the results in various reports and analyses. Accounting is also… Read More »What is Accounting? Components of Accounting
Accuracy and precision are two important factors to consider when taking data measurements. Both accuracy and precision reflect how close a measurement is to an actual value,… Read More »Difference between Accuracy and Precision