Interested to Buy Any Domain ? << Click Here >> for more details...
What is Suspense A/c?
- 15 Answers
- 39893 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 |
Answered but misspelled pl correct accounting measures past performanceof the business entityand depicts the current financial position (Ans.MMEEEASURNT)
WHAT IS F& O SEGMENT?
fill in the Blanks a part or full HRA will be exempted if _________made for his residence
What is the meaning of net incaome?
We have two mandatory qualifiers nature of accounts and balancing segment, which will balance the debit and credit and recognize the nature of accounts, my question is what other qualifiers do. Like management. Thank you.
what is journal entry for bank charges
25 Answers Bhoruka Aluminium, Genpact,
why we use the term profit and loss account instead of profit or loss account
Discount or expenses on issue of shares or debentures is an example of..
What is the difference between Debit and Credit Card?
fill in the Blanks Yours accounts must be compulsorily audited if your turnover exceeds _____________
Please explain a Representative Personal Account.
what is treasury stock
Audit 
