according to double entry system there are three types of
account... so what is the nature of suspense account??
Answer / ravi.harjai2009
suspense account is changed according to the what type of
error was happing in the trial balance...
i.e.--when the error in trial balance was personal nature
so suspense account is also assume as a personal nature..
| Is This Answer Correct ? | 5 Yes | 3 No |
Expand ________GIR
suppose you make a bill with service tax and on the time of service tax return you have deposit the same. but now party denies to pay the value of service tax. what adjustment entry you pass to rectify the a/c.
What is the nature of Bills Receivable account, I mean is it a real account or personal a/c?
kamal became insolvent.a first and final payment of 60 pasie in a rupee was recived from his official recived.he owner me a debit of amount is RS 500 give the journal entries for this
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