Answer / laxman

suspense account is an account when the trail balance is
shown different between debit and cridet balance that time
the suspense account will use temperorly for equal debit
and credit balance for closing the financial accounts.

Answer / madhukarnaidu

Suspense Account is a temperory account which is used to
close the finalisation of accounts whenever the assets and
liabilities are not tallying for the time being.

Answer / parusharamudu

due to some reasons trial balance may not agree. then the
balancing amont transfer to a seperate account . such
account is called as suspense account.

Answer / ravi

trial balances debi & credit balances show differences then
they will be posted to a seperate a/c called as suspence a/c

Answer / puru

When trial balance does not tally , the difference is put
into a newly opened account named suspense account and the
trial balance is thus made to tally. In case , the debit
side exceeds the credit side the difference is put on the
credit side of suspense account . Likewise , if the credit
side of the trial balance exceeds the debit side , the
difference is put on the debit side of suspense account.

Answer / ramesh

IF THE THROUGH CHECKING OF THE SUBSIDARY BOOKS, POSTING TO
LEDGER ACCOUNTS AND BALANCING OF ACCOUNTS HAS NOT
HELPED TO
LOCATE THE THE ERRORS AND IN THE PREPARATION OF THE
FINAL
ACCOUNTS CANNOT BE DELAYED THE DIFFFERENCE IN THE
TRIAL
BALANCE MAY BE TRANSFFERED TEMPORARILY TO A
SEPERATE
ACCOUNT CALLED SUSPENSES ACCOUNT OR DIFFERENCE IN
BOOKS
ACCOUNTS.

IF THE DEBIT SIDE OF THE TRANSACTIONS EXCEEDS THE
CREDIT
SIDE THE DIFFERENCE IS TO BE CREDITED TO SUSPENSE
ACCOUNT
ON THE OTHER HAD IF THE CREDIT SIDE EXCEEDS THE
DEBIT SIDE
IT HAS TO BE DEBITED TO SUSPENSE ACCOUNT.

THE SUSPENSE ACCOUNT APPEAR IN TRIAL BALANCE & IN
BALANCE
SHEET.

Answer / maa

When the credit and the debit does not tally in a trial
balance, the account will be suspended until the credit and
debit tallies. This account which is suspended is called
suspense account.

Answer / lloyd j. pereira

An account that is used to store short-term funds or
securities until a permanent decision is made about their
allocation. These accounts are required in instances when
the decision process is lengthy.

Answer / savithri

When we are not knowing to entry in ledger a/c. that time
we are keeping entries is called suspense. in making
finalisation suspense a/c should be nil

Answer / syed arshad hussain

suspense account is an account used temporarily to carry
doubtful receipts and disbursements or discrepancies
pending their analysis and permanent classification

can aney one explain it what is spin off / split off ?

2 Answers  

what is meant by Reserves

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In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?

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--------is prepared to ascertain the cost of goods manufactured

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what is the Assessment Year for the Previous year 2008-09

8 Answers  

When u r using Automatic Payment Programme?

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2 Answers  

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Why should we prepare profit

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WHAT IS THE CASH CREDIT AND LETTER OF CREDIT?

4 Answers  

Rent Paid Rs.12000/- (which is included for the whole year i.e Jan to Dec) and they have asked me to give Journal Entry for the Entry for the Month of Jan, Feb and March

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Expand-------MRR

1 Answers