Interested to Buy Any Domain ? << Click Here >> for more details...
What are Wash accounts and suspense accounts and how do
they operate?
- 1 Answers
- 36611 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 |
Need to know the treatement of Pre-Operative Expenses and preliminary expenses. How would you differentiate these two?
The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above
1 Answers Infosys, Satyam, Symbiosis,
HOW THE BACKUP TALLY DATA & HOW IT WILL B SHOW IN MY CMPUTER AGAIN.
what is journal entry for "Interest allowed by bank" and where does it come in pass book??
where is entry done in tally of cheque bounce ???? Journal, Payment, Receipt, Contra
What is the Diffrence Between Expenses & Expenditure ??
How to create Donation entry In tally? Company donate Rs. 250000 to TATA MEMORIAL HOSPITAL
You pay for a product and you get the bill. When to book the expenses
What is the Mean of TDS,Benefits of TDS,Demerits of TDS?
where does petty cash to cash entry go in tally
Why Is The Distinction Between Product Costs And Period Costs Important?
In accounting, are assets a permanent account?
Audit 
