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what is Suspence Account?
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Answer / sultana
suspense account is nothing but a book of account.
example: if we r entering bank statement into tally9.0
if customer pay to someone amount.
we dont no to whome he paid debit r credit.
name is complusor so that after entering in bank
statement we should know name of the customer, so it is
easy to fine final statment.if there is no name of customer
we hav to call to that customer and we hav to fine the name
of the customer.
we dont no wht name ill come there so we keep there
suspense account.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / jit mohan pareya
Some time it happens that the credit or debit which cannot
be sought, till than the amount is placed under suspence
account it is called suspense account.
| Is This Answer Correct ? | 5 Yes | 8 No |
Answer / meenu
An account which is used for showing the balance in Trial
Balance
| Is This Answer Correct ? | 2 Yes | 6 No |
Answer / pradeep kumar panigrahi
Suspence Account meance, you known if i given adavnce any
party (either he is a employee , either vendor) in cash.
but futher time he is given me bills either monthly
salary , than i diducted his advance than i given his clier
bills & salary , this time my cash balance in suspence.
| Is This Answer Correct ? | 6 Yes | 18 No |
What was use of tally erp 9? Types of vat?
sorry this is my personal. But i want to be share because i am confusing stage. This is not related any interview question first in my schooling i studied telugu mideam. After my B.com i joined CA but i didn't pass but i vasted 4yrs. After i did MBA still i am not fluentcy in english i learned 30% english if i will go interviews or not ?
Liabilities: 2006 2007 Assets 2006 2007 Trade Creditiors 100 40 Cash atBank 100 65 Bills Payable 50 60 Account/R 105 120 Outstanding Expenses 25 20 B/R 130 140 Bonds Payable 220 140 Inventory 110 40 Accumulated Depreciation: Machinery 120 160 -on Machinery 30 35 Building 300 310 -On Building 75 85 Land 60 130 Reserves 100 115 Patents 55 60 Retained Earning 130 170 share Capital 250 360 Profit from operation after providing Rs.10,000as depreciation on building and Rs.10,000 on machinery and Rs.5,000 as amortization on patents for the year 'April 06- March07' was Rs.35,000. Other revenues for the year were Rs.40,000. An old machine with original cost of Rs.15,000 was sold at a loss of rs.5,000. Prepare Fund Flow Statment and Cash Flow Statment for the year ending March 31 2007 based on the information given above.
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