Answer Posted / sanjay
Suspense Account is the account for posting unknown debit/credit. It is either debit or credit.
whenever u know the source of the relevant entry u have to
clear that posting from suspense account to respective income/expense
Is This Answer Correct ? | 9 Yes | 1 No |
Post New Answer View All Answers
what are your current financial and accounting projects? What is your role?
examole of cash to cash contra entry
What is the difference between cfa and csa?
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
What are the methods used in different industries for labor and non-labor costs in Projects.
What is cost accountancy? What are the objects of cost accountancy?
under which head should be the p & l appropriation a/c should be opened in tally 9? and how to preapare and display it?
Tell us why did you select accounting as your profession?
Do you have any professional experience in this field?
salary payable deduct tds entry
dear i want basic a\C's oriented question. these are asking in mostly all mnc companies
Cost Accounting
Is the shadow balance present in bank account always credited or bank may reverse it as well?
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
What is an ea in accounting?