what is suspense capital a/c? when this type of account
will be opened in the books of accounts?

Answers were Sorted based on User's Feedback



what is suspense capital a/c? when this type of account will be opened in the books of accounts?..

Answer / rajasekar

we are preparing balance sheet at end of the year. the
balance sheet not tallyed sometimes are we are not promptly
prepare (or) some proof of document missing that is time we
are appearing suspense A/c but deleted after we are findout
that correct transaction.

Is This Answer Correct ?    12 Yes 3 No

what is suspense capital a/c? when this type of account will be opened in the books of accounts?..

Answer / g.vasudevan

When some ammount is misused,or the original not known,at
that time perparation in balance sheet Suspence A/C be
mentioned.But after findout the correct statement it should
be deleted.

Is This Answer Correct ?    7 Yes 1 No

Post New Answer

More Audit Interview Questions

what is a balance sheet

11 Answers   Cognizant, State Bank Of India SBI,


When is income from rented accommodation to be treated as investment income and when as trading income?

2 Answers  


Give an example of a time when you had to go out of your way to help someone ?

0 Answers   Ernst Young,


what was ur role in team?

2 Answers   Air Force, Bharti,


what are the cost audit and management audit?

2 Answers  






i have to finalize a mineral water co. for the year 2014-15 and i want to know that what will be rate of excise duty on sale of mineral water.

0 Answers  


wether OT is included in gross salary or not?

4 Answers  


what is the time of pf return, and how can calcualte the pf inertest.

1 Answers  


Expand---------ESRD

1 Answers  


central exices

0 Answers  


Expand---------PRSM

1 Answers  


Assume we have taken a vehicle on leasing Cost Of vehicle Rs.2445000 (vat 261964.00)on 22/12/09 ,the vecle lease for 4 years and made intial paymenent as Rs.25000 &the monthly leasing amount Rs.59806.00,pls let me know the double entries for this finacial year (with figers)

1 Answers   Fidelity,


Categories