What is suspense Account?
- 22 Answers
- 54430 Views
- Accenture, Amazon, Genpact, IBM, manappuram, TN, I also Faced
- E-Mail Answers
Answer Posted / 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.
| Is This Answer Correct ? | 32 Yes | 12 No |
Post New Answer View All Answers
Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books
what is the uniform public construction cost accounting act?
institutional investors?
why you want to join the banking and finance industry?
EXPAND______________IARCS
How does the ration analysis help in depicting profit and loss
Expand---------MRDT
What is compensation theorem?
If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?
How Frequently shall a company file the service tax returns and how frequently shall a company pay the service tax to the Government ?
hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.
What is T+2 rolli g settlement cycle?
What is the Technology used to carry out trades?
Short Answer on ______Amortization
What are Corporate Action?
