Interested to Buy Any Domain ? << Click Here >> for more details...
What is Suspense A/c?
- 15 Answers
- 40470 Views
- Access, Mafoi, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / hba
when the total of debit balance does not agree with the
total of credit balance to make it atleast look tally, an
account is opened which known as suspense account.
| Is This Answer Correct ? | 9 Yes | 7 No |
Answer / sandy
Suspense a/c is the temporary account, it is used because
the proper account is not determined at the time of
transaction was recorded. When the proper a/c is determined
then amount will be moved from suspense a/c to proper a/c.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / ankita
suspense a/c is imaginary a/c used as temporary measure only for purpose of reconciling trial balance
later on when errors affecting suspense a/c are detected then rectification entries are passed with the help of suspense a/c
| Is This Answer Correct ? | 1 Yes | 1 No |
Before preparing trial balance if there are errors in posting which affects the trial balance and it is not allied the difference put in an account known as suspence account to tally the trial balance
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / prateek
Suspense A/C is a nominal A/C which is opened ion books of
account for tally the financial statement. and after
somtime mgmt find he error and write off suspense a/c
| Is This Answer Correct ? | 0 Yes | 1 No |
What is meant by marginal cost?
define fixed assets
EXPAND_________SFI
Expand---------MRTD
Discuss the role of cost accounting in managerial decision making?
WHAT IS THIS ACCOUNT
Expand B L
even if trial balance matches there could be error explain?
if i get rs.10000 pm as salary what is the pf rates ?
HI, FREINDS, I WANT TO KHOW IS THE CFP (CETICFIED FINANCIAL PLANNER) IS A GOOD COURSE, IS THEY ANY INSISTUTE IN HYDERABAD,IF ANY ONE DOING THIS COURSE PLEASE REPLY ME.
Why we Deduct TDS?
Short Answer on _________Commerce
Audit 
