Interested to Buy Any Domain ? << Click Here >> for more details...
how is suspense a/c treated after it has been shown in the
trail balance ?
- 2 Answers
- 5748 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
The entries in the Suspense A/c needs to be verified and
transferred to the correct A/c before taking the final Trial
Balance for preparing Financial Statements & Audit. Trial
Balance with balance in Suspense Ledger A/c is not correct.
It's temporary A/c to park the transactions not identified
while making the entry & hence, such transaction entries
should be transferred to the correct A/c with in the same
accounting period.
| Is This Answer Correct ? | 6 Yes | 0 No |
I want to know service tax applicable on Packers & Movers yes or no
What is LIFO and FIFO ?
What is GL Master Maintanance
In South Africa, the value added tax is administered by?
What are the features of financial accounting?
Do you know offset accounting?
exchanged old furniture for new,the value of old furniture was rs 350 while the vaue of new furniture was rs 900 balance paid in cash what will be the journal entry according to you
2 Answers Chartered Accountant,
As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?
What is Tax Groups
if salary is paid what will be entry? If it is given on advance? If it is paid on delay
Under which Act( Com/IT) depreciation debit to P & L ?
What is the treatment of loan and its interest in trading profit and loss ,balance sheet
Audit 
