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what is suspence capital?
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Answer / sameer.d.ghadge
suspense account is an account used temporarily to carry
doubtful receipts and disbursements or discrepancies
pending their analysis and permanent classification.
| Is This Answer Correct ? | 22 Yes | 4 No |
Answer / suman mohapatra
when inspite of best effort the trial balance doesnot
tally,the diffence is put to a newly opened account named
suspensed account and the trial balance is thus made to
tally.this is done to avoid the delay in the prepartion of
final account.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / vinod.r
Suspence account is the account where the transactions made
entry which are yet to be confirmed, but after confirmation
they must pass entry.
Suspence Capital is which the company will keep Reserve
Capital.
| Is This Answer Correct ? | 8 Yes | 6 No |
Answer / krishnaveni
the suspense account is an account to which the difference
in the trail balance has been put tempera rely
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / h.r. sreepada bhagi
It's not 'Suspense Capital Account'. It should be Suspense
Account. All receipts & payments which need clarification at
the time of payment or receipt shall be entered in to this
account. Like that any payment or receipt found in bank
statement, but with out proper information can be accounted
to this account. Clarification to be sought & the entries
shall be transferred to the correct head of account before
closing the accounts periodically and Suspense account
balance should be nullified.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / venkey
suspence account is balansheet not tally atomatically or
tempararly defference amount keep in suspence means
balansheet cover amount use suspence account
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / noori
The difference in trail balance has been put temperorily.
| Is This Answer Correct ? | 2 Yes | 3 No |
Answer / shaik bajivali
THE CAPITIAL WHICH IS DOUBT FUL TO ARAISE
| Is This Answer Correct ? | 2 Yes | 4 No |
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