Answer Posted / rajni
the difference of the trail balance is transferred to the
suspence account, and the trail balance is thus tallied.
later on, when the errors will be located, they can be
rectified through the Suspence Account. the suspence
account will be eliminated when all errors will be located.
| Is This Answer Correct ? | 13 Yes | 1 No |
Post New Answer View All Answers
what is the step in preparing the schedule of audit? can someone explain for me?
What Are The Characteristics Of Modern Accounting?
Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry
What is back value adjustment/correction in Nostro Reconciliations?
Calculate Income Ta X On Nett Income Of Rs 365520 For Men,women And Senior Citizen For The Assessment Years 2009- 10 And 2010-11?
HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?
We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?
what is the system of accounting and banking in cooperative bank?
Is depreciation a expense or income?
You are working in a Company but due to certain reasons you were not able to complete the work given to you on time, so to write a Letter of Apology to your Senior regarding it.
Expand--------SOT
if not found suitable for the post applied for, are you willing to be considered for a lower post yes / no ? why?
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?