What is suspense a/c in balance ?

Answer Posted / hema

Simply tell about this Suspense A/C is used to Balance the
Accounts details .

for ex:if we made one expenses for Rs.2000/- we entered
that exp in tally Or Bookeeping but that time we got a
cofusion what kind of exp did we made?in that situation we
treat the exp A/c to Suspense A/c to balance the Accounts
details .

Is This Answer Correct ?    7 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to entry in tally for other person check received

1432


i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............

1991


why gross profit transfering to profit & loss account

3589


Expand---------OST

1725


what is portfolio Saint?

1498






1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?

1609


differences between liabilities and assessts

3412


My BASIC Salary is 18,000

1259


The partners agreed to take hero honda vehicle of Rams as firms vehicle by giving credit to his capital account. The vehicle was valued for Rs 65000/-Pass necessary entry

1652


can any one send me payables real time scenarious or any projects

1636


how we will prepare n file income tax returns for individuals?explain

1733


after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...

1538


IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT

1478


what is mean by ledger

3043


How can I explain p2p process in SAP?

2736