Answer / p

suspense a/c ...... dr
TO Bank\cash

Answer / rituraj

Mostly suspense account is made whenever there is a loss of
any accounting information. Say for a purchase entry on the
cash book has been posted and no entry and the information
of Purchase is omitted then

Purchase A/c Dr.
To Suspense A/c

then it is adjusted in Profit and loss adjustment a/c

Answer / vasudeva

As every journal entry has two aspect debit and credit, if
any information is not avaialbe on one side of aspect then
suspens account can be recorded. if debit side no
information debit suspens ac or if credit side no
informatio credit suspens ac.

Answer / sangeetha g

Suspense means unknown transaction. For exp, we have
received wire transfer without clear description, it means
unknow payment received from customer (unknown customer)

So the entry would be:
Bank Dr. *****
To suspenses account ******

Answer / abilasha

Suspance account means the receipt or payment is nor provide the details of party or company name on that time we will record the suspance a/c. The entry is in a bank statement without name one party deposit the amount to account on that time entry is
Suspance A/c ......dr
To.bank A/c.....Cr


Like this........ K.... this my opinion by experience

Calculation of closing Stock give example?

25 Answers   ABC, Accounting, Crossdomain, EDS, FAIM, Set Trade,

SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT

0 Answers  

What is the bank reconciliation and simple explanation of BRS.

10 Answers   CIO Review,

what is bank aceleted?

0 Answers  

Suppose we are getting a TDS Certificate from our vendor's how can enter the same in our books.

1 Answers  

which are the final entries while closing of books and account at the end of financial year ?

1 Answers  

can u explain the meaning of Work Contract Tax in breif.

1 Answers  

salary and rent provision entry in tally erp 9

4 Answers   RVSA,

R2R profile required which kinds of work in accounting ?

1 Answers   Accenture,

what are examples of marketable securities ? wat are marketable securities?

1 Answers  

what is cenvat

2 Answers  

what is mean by sample account and data transfer rule in SAP FI?

0 Answers