What is Suspense A/c.?

Answer Posted / dinesh singla

a suspense account is an account which is opened when the
trial balance does not tally and in which the difference in
the trial balance is entered to tally the trial balance.

Is This Answer Correct ?    2 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

please explain the uses of internate protocol address(ip add)?

1687


i am called for interview but im getting confused wt sort of questions i wd have to face,its a bank job and post is cash ofiicer please help me.

1612


How you implemented a chargeback system?

1793


legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?

2640


what is debit/credit note ? what deffered income and expencess?

2279






My company's accountant use two different way to calculate Depreciation,one as per Companies Act and another rate for Income Tax calculation. Why we have to use two way to calculate it? Can we just use one way to calculate?

1638


what are Blue-Chip companies?

1664


2Create a program that accepts a number and output its equivalent in words (maximum input number is 3000). for example Enter a number: 1380 one thousand three hundred eighty

1484


what is cnc machine hour rate? how it is calculated?

4523


Difference between cash and merchantile system?

1828


plz tell me the finance questions asked in hsbc latest question asked in hsbc?

1527


who invented acounts?

1406


why the closing stock is not considered in drawing trail balance.... Are there any other items like the above

1935


please tell me questions asked in NICMAR for the post of accounts executive

3521


Should I have perfect credit score, that is, above 800 credit score?

1370