What are Wash accounts and suspense accounts and how do
they operate?
- 1 Answers
- 35336 Views
- Infosys, I also Faced
- E-Mail Answers
Answer / dipinder kaur
susupense accounts and wash accounts are one and the same thing...they are basically for providing a temporary location for transactions untill a co. figures out where the cost needs to be transferred...At the end of the year, suspense/wash accounts should show a zero balance..
| Is This Answer Correct ? | 24 Yes | 4 No |
How to Entered The Entry if insurance Claim Recovered of four Wheeler and entry entered in personal Account so give me The entry of insurance claim recovered.
we have paid diwali bonus by chq.. pls let me know how to enter the same in tally and in under which head..Explain pls
What are accounting rules called?
how to account the purchase and sale of fixed assets?
What is capital reserve and reserve capital?
List out things that fall under intangible asset?
How to posting employer contribution
what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???
Contra asset accounts have credit balance and are an offset to a related asset account ? true or false .
A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.
what are the extraordinary items?
HOW WE MAKE A RESERVE AND AFTER ITS USE HOW WE NIL IT PLEASE MAKE A PROPER ENTRY.
Audit 
