Answer / ch.ramesh

if trail balance is not tally then we have to create the
suspense account (for trail balance equalize purpose )

Answer / vicky

If You dont know in which account that expense is incurred then you have to put that to suspense account

Answer / nitin

while tallying the trial balance , if there is a difference between both side and you dont know the reason of that then transfer it to the suspense account. when you come to know about the relevant account later on then transfer to it by closing suspense account.

What is Suspense Account?

1 Answers  

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Why in KE5Z report in SAP Accounting Data not found?

0 Answers  

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Plastic money

3 Answers   Bank Of America,

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WHY U HAVE CHOOSE ICWA WHY NOT CA

0 Answers   RRB,

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Explain the term account payable?

0 Answers  

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In our company we are making payment through X bank and again we opened a new account in Y bank and we deposited cash in this bank rs.10000.and cash is used from X bank. then what will be the entry & how to adjust with old bank

1 Answers   ABC,

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Explain the methods of Accounting?

1 Answers  

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Define fair value accounting?

0 Answers  

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Sir I am taking the Salary Rs 18000/- the shown to me in Pay Roll Basis but not deduct any PF. Plz told me tha is the company liable to deduct my PF?

5 Answers  

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What is short term > debtors & Creditors ?? What is Long term > debtors & Creditors ??

2 Answers  

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Given the following entries from a TRIAL balance, what entries would fall where in a Balance Sheet & an Income Statement? Accounts receivables Merchandized inventory stores supplies office supplies prepaid insurance accumulated Dep accounts payable sales salaries advertising expense Miscellaneous expense Office salaries expense rent expense Depreciation expense Insurance expense Bad debts expense Allowance for doubtful debts Supplies expense

1 Answers  

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What is royalty reserve?

0 Answers   Hero Honda,

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