what is Suspence Account?

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what is Suspence Account?..

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.

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what is Suspence Account?..

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

what is Suspence Account?..

Answer / meenu

An account which is used for showing the balance in Trial
Balance

Is This Answer Correct ?

2 Yes

6 No

what is Suspence Account?..

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