what is suspense capital a/c? when this type of account
will be opened in the books of accounts?
- 2 Answers
- 9878 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / rajasekar
we are preparing balance sheet at end of the year. the
balance sheet not tallyed sometimes are we are not promptly
prepare (or) some proof of document missing that is time we
are appearing suspense A/c but deleted after we are findout
that correct transaction.
| Is This Answer Correct ? | 12 Yes | 3 No |
Answer / g.vasudevan
When some ammount is misused,or the original not known,at
that time perparation in balance sheet Suspence A/C be
mentioned.But after findout the correct statement it should
be deleted.
| Is This Answer Correct ? | 7 Yes | 1 No |
purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.
Explain the importance of evaluating an internal audit department?
What are the portions to be covered in tax audit and what are the papers to be checked in tax audit by auditors?
Describe a time when u have taken on a particularly challenging or stretching target. What made it so nchallenging for u?
During the time of Audit which matters will be kept in mind?
what are the golden rules for accounts payable?
Why should we have three Accounting Principles(personal, real & nominal) instead of one
Whether interstate purchase of High speed diesel by mines at concessional rate is allowable ?
What are the essential of internal audit?
1. When is GRN raised? 2. what is the purpose of matching open PO listing against GRIR account?
if a person is transferred to other place he has not prepared any report regarding AUDIT and someone else is joined in his place and IF AUDIT IS CONDUCTED WHO WILL BE RESPONSIBLE FOR PENDING PREPORT
When should a company sack its auditor?
Audit 
