What is suspense Account?
Answer Posted / petronella
is when the trial balance does not balance and the
suspense account is opened inthe ledger and also in the
trial balance to balance it
Is This Answer Correct ? | 6 Yes | 4 No |
Post New Answer View All Answers
Hi, I am preparing for Junior Accounts Officers test- APTRANSCO. Can any one suggest the model paper / Books available? john kadapa
Reserve Capital and Reserve Capital
what is cost audit?
• What are the types of cash flows?
Short Answer on _________Accounts Receivable
what is Journal Entries?
Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance
Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,
what is Derivative Documentation,Derivative Settlements,Derivative confirmation?
why do think you are best candicate for this post.
what are Blue-Chip companies?
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
What is the difference between reserve and provision.
what is Functional Specification in SAP FICO?
Expand-------SNAT